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NYSE:CIO

City Office REIT - CIO Stock Forecast, Price & News

$9.37
-0.44 (-4.49%)
(As of 10/6/2022 10:18 AM ET)
Add
Compare
Today's Range
$9.33
$9.65
50-Day Range
$9.81
$14.10
52-Week Range
$9.68
$21.70
Volume
2,040 shs
Average Volume
339,089 shs
Market Capitalization
$389.51 million
P/E Ratio
0.91
Dividend Yield
7.84%
Price Target
$16.67

City Office REIT MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
69.9% Upside
$16.67 Price Target
Short Interest
Healthy
1.67% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.48
Upright™ Environmental Score
News Sentiment
0.93mentions of City Office REIT in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.68%
From $1.46 to $1.47 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.97 out of 5 stars

Finance Sector

118th out of 887 stocks

Real Estate Investment Trusts Industry

33rd out of 194 stocks

CIO stock logo

About City Office REIT (NYSE:CIO) Stock

City Office REIT, Inc. (NYSE: CIO) invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the Southern and Western United States. At September 30, 2020, CIO owned office complexes comprising 5.8 million square feet of net rentable area (NRA).

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CIO Stock News Headlines

CIO City Office REIT, Inc.
City Office REIT Announces Dividends for Third Quarter 2022
City Office REIT Reports Second Quarter 2022 Results
City Office REIT sells Dallas property for $43.8M
City Office REIT Tops Q1 EPS by 44c
City Office REIT Q1 2022 Earnings Preview
City Office REIT Inc CIO
City Office REIT declares $0.20 dividend
See More Headlines
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CIO Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 7/22 Dividend
7/07/2022
Dividend Payable
7/22/2022
Today
10/06/2022
Ex-Dividend for 10/21 Dividend
10/06/2022
Dividend Payable
10/21/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
19
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$16.67
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+77.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$484.39 million
Pretax Margin
264.23%

Debt

Sales & Book Value

Annual Sales
$164.04 million
Cash Flow
$11.43 per share
Book Value
$17.42 per share

Miscellaneous

Free Float
40,409,000
Market Cap
$389.51 million
Optionable
Optionable
Beta
1.56

Key Executives

  • Mr. James Thomas Farrar CFA (Age 46)
    CEO & Director
    Comp: $2.46M
  • Mr. Gregory Tylee (Age 50)
    COO & Pres
    Comp: $2.46M
  • Mr. Anthony Maretic C.A. (Age 50)
    CFO, Sec. & Treasurer
    Comp: $1.09M
  • Ms. Stephanie Chung
    Sr. VP of Fin.
  • Mr. Ken Pool
    Sr. VP of Operations













CIO Stock - Frequently Asked Questions

Should I buy or sell City Office REIT stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for City Office REIT in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CIO shares. 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.
View CIO analyst ratings
or view top-rated stocks.

What is City Office REIT's stock price forecast for 2022?

2 brokerages have issued 12 month target prices for City Office REIT's stock. Their CIO share price forecasts range from $15.00 to $20.00. On average, they expect the company's share price to reach $16.67 in the next twelve months. This suggests a possible upside of 69.9% from the stock's current price.
View analysts price targets for CIO
or view top-rated stocks among Wall Street analysts.

How have CIO shares performed in 2022?

City Office REIT's stock was trading at $19.72 at the start of the year. Since then, CIO stock has decreased by 50.3% and is now trading at $9.81.
View the best growth stocks for 2022 here
.

Are investors shorting City Office REIT?

City Office REIT saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 676,000 shares, a decrease of 5.8% from the August 31st total of 718,000 shares. Based on an average trading volume of 344,000 shares, the short-interest ratio is currently 2.0 days. Approximately 1.7% of the company's stock are sold short.
View City Office REIT's Short Interest
.

When is City Office REIT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our CIO earnings forecast
.

How were City Office REIT's earnings last quarter?

City Office REIT, Inc. (NYSE:CIO) released its quarterly earnings results on Thursday, May, 5th. The real estate investment trust reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.15. City Office REIT had a trailing twelve-month return on equity of 70.11% and a net margin of 263.75%. During the same quarter in the previous year, the business posted $0.33 earnings per share.

How often does City Office REIT pay dividends? What is the dividend yield for City Office REIT?

City Office REIT announced a quarterly dividend on Thursday, September 15th. Investors of record on Friday, October 7th will be paid a dividend of $0.20 per share on Friday, October 21st. This represents a $0.80 dividend on an annualized basis and a yield of 8.15%. The ex-dividend date is Thursday, October 6th.
Read our dividend analysis for CIO
.

Is City Office REIT a good dividend stock?

City Office REIT (NYSE:CIO) pays an annual dividend of $0.80 per share and currently has a dividend yield of 7.84%. CIO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 7.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIO will have a dividend payout ratio of 54.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CIO.

What guidance has City Office REIT issued on next quarter's earnings?

City Office REIT issued an update on its FY 2022 earnings guidance on Thursday, August, 18th. The company provided earnings per share guidance of $1.54-$1.57 for the period. The company issued revenue guidance of -.

What other stocks do shareholders of City Office REIT own?
What is City Office REIT's stock symbol?

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

How do I buy shares of City Office REIT?

Shares of CIO stock 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.
Compare Top Brokerages Here.

What is City Office REIT's stock price today?

One share of CIO stock can currently be purchased for approximately $9.81.

How much money does City Office REIT make?

City Office REIT (NYSE:CIO) has a market capitalization of $407.83 million and generates $164.04 million in revenue each year. The real estate investment trust earns $484.39 million in net income (profit) each year or $10.27 on an earnings per share basis.

How can I contact City Office REIT?

City Office REIT's mailing address is 666 BURRARD STREET SUITE 3210, VANCOUVER A1, V6C 2X8. The official website for the company is www.cityofficereit.com. The real estate investment trust can be reached via phone at (604) 806-3366 or via email at investorrelations@cityofficereit.com.

This page (NYSE:CIO) was last updated on 10/6/2022 by MarketBeat.com Staff

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