City Office REIT Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for City Office REIT in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" City Office REIT stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CIO, but not buy additional shares or sell existing shares.
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Wall Street analysts have given City Office REIT a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but City Office REIT wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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City Office REIT saw a increase in short interest in the month of May. As of May 14th, there was short interest totaling 497,700 shares, an increase of 21.9% from the April 29th total of 408,200 shares. Based on an average daily trading volume, of 235,200 shares, the days-to-cover ratio is currently 2.1 days.
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City Office REIT is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for City Office REIT.

City Office REIT, Inc. (NYSE:CIO) posted its earnings results on Thursday, May, 6th. The real estate investment trust reported $1.07 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.30 by $0.77. City Office REIT had a trailing twelve-month return on equity of 16.22% and a net margin of 32.78%.
View City Office REIT's earnings history.

City Office REIT's stock was trading at $9.64 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CIO shares have increased by 29.4% and is now trading at $12.47.
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City Office REIT announced a quarterly dividend on Wednesday, June 16th. Investors of record on Friday, July 9th will be given a dividend of $0.15 per share on Friday, July 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend is Thursday, July 8th.
View City Office REIT's dividend history.

City Office REIT pays an annual dividend of $0.60 per share and currently has a dividend yield of 4.75%. CIO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. City Office REIT does not yet have a strong track record of dividend growth. The dividend payout ratio of City Office REIT is 49.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, City Office REIT will have a dividend payout ratio of 46.15% next year. This indicates that City Office REIT will be able to sustain or increase its dividend.
View City Office REIT's dividend history.

City Office REIT updated its FY 2021 earnings guidance on Friday, May, 28th. The company provided earnings per share (EPS) guidance of 1.280-1.310 for the period. The company issued revenue guidance of -.

3 equities research analysts have issued 1 year price targets for City Office REIT's shares. Their forecasts range from $11.00 to $15.00. On average, they anticipate City Office REIT's share price to reach $12.67 in the next twelve months. This suggests a possible upside of 1.6% from the stock's current price.
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Some companies that are related to City Office REIT include DiamondRock Hospitality (DRH), Retail Opportunity Investments (ROIC), MFA Financial (MFA), Empire State Realty Trust (ESRT), PennyMac Mortgage Investment Trust (PMT), Columbia Property Trust (CXP), Washington Real Estate Investment Trust (WRE), Cyrela Brazil Realty S.A. Empreendimentos e Participações (CYRBY), Tanger Factory Outlet Centers (SKT), Independence Realty Trust (IRT), Acadia Realty Trust (AKR), Kite Realty Group Trust (KRG), Monmouth Real Estate Investment (MNR), InterRent Real Estate Investment Trust (IIPZF) and Easterly Government Properties (DEA).
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Based on aggregate information from My MarketBeat watchlists, some companies that other City Office REIT investors own include Energy Transfer (ET), New Residential Investment (NRZ), AGNC Investment (AGNC), CBL & Associates Properties (CBL), Western Asset Mortgage Capital (WMC), AT&T (T), NGL Energy Partners (NGL), Medical Properties Trust (MPW), Annaly Capital Management (NLY) and Ladder Capital (LADR).

City Office REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIO."

City Office REIT's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.07%), LSV Asset Management (4.67%), Renaissance Technologies LLC (4.34%), Victory Capital Management Inc. (2.67%), JPMorgan Chase & Co. (2.60%) and Geode Capital Management LLC (2.18%). Company insiders that own City Office REIT stock include Anthony Maretic, Gregory Tylee, James Thomas Farrar, John Sweet and Stephen B Shraiberg.
View institutional ownership trends for City Office REIT.

CIO stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Nuveen Asset Management LLC, LSV Asset Management, Northern Trust Corp, Victory Capital Management Inc., BlackRock Inc., Renaissance Technologies LLC, and D. E. Shaw & Co. Inc..
View insider buying and selling activity for City Office REIT or view top insider-selling stocks.

CIO stock was acquired by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Goldman Sachs Group Inc., Arrowstreet Capital Limited Partnership, Panagora Asset Management Inc., D.A. Davidson & CO., Geode Capital Management LLC, Kennedy Capital Management Inc., and Morgan Stanley. Company insiders that have bought City Office REIT stock in the last two years include Anthony Maretic, Gregory Tylee, James Thomas Farrar, John Sweet, and Stephen B Shraiberg.
View insider buying and selling activity for City Office REIT or or view top insider-buying stocks.

Shares of CIO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CIO stock can currently be purchased for approximately $12.47.

City Office REIT has a market capitalization of $541.16 million and generates $160.84 million in revenue each year. The real estate investment trust earns $4.53 million in net income (profit) each year or $1.22 on an earnings per share basis.

City Office REIT employs 20 workers across the globe.

The official website for City Office REIT is www.cityofficereit.com.

City Office REIT is headquartered at 666 BURRARD STREET SUITE 3210, VANCOUVER A1, V6C 2X8.

City Office REIT's mailing address is 666 BURRARD STREET SUITE 3210, VANCOUVER A1, V6C 2X8. The real estate investment trust can be reached via phone at 604-806-3366 or via email at [email protected]