NYSE:CIO - City Office REIT Stock Price, Forecast & News

City Office REIT's stock was trading at $9.64 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CIO shares have decreased by 27.9% and is now trading at $6.95. View which stocks have been mosted impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for City Office REIT in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for City Office REIT.

City Office REIT is scheduled to release its next quarterly earnings announcement on Friday, May 1st 2020. View our earnings forecast for City Office REIT.

City Office REIT Inc (NYSE:CIO) released its quarterly earnings data on Wednesday, February, 26th. The real estate investment trust reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.06. The real estate investment trust had revenue of $39.06 million for the quarter, compared to analyst estimates of $40.48 million. City Office REIT had a net margin of 1.15% and a return on equity of 0.54%. View City Office REIT's earnings history.

City Office REIT declared a quarterly dividend on Wednesday, March 25th. Shareholders of record on Thursday, April 9th will be given a dividend of $0.15 per share on Friday, April 24th. This represents a $0.60 annualized dividend and a dividend yield of 8.63%. The ex-dividend date of this dividend is Wednesday, April 8th. View City Office REIT's dividend history.

City Office REIT updated its FY 2020 Pre-Market earnings guidance on Wednesday, February, 26th. The company provided earnings per share guidance of 1.13-1.18 for the period.

6 brokers have issued 1-year price targets for City Office REIT's stock. Their forecasts range from $9.00 to $15.00. On average, they expect City Office REIT's share price to reach $12.58 in the next year. This suggests a possible upside of 81.1% from the stock's current price. View analysts' price targets for City Office REIT.

Media headlines about CIO stock have been trending very negative recently, according to InfoTrie. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. City Office REIT earned a daily sentiment score of -3.3 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutCity Office REIT.

Some companies that are related to City Office REIT include Caretrust REIT (CTRE), Columbia Property Trust (CXP), American Assets Trust (AAT), Alexander's (ALX), Pebblebrook Hotel Trust (PEB), The GEO Group (GEO), CYRELA BRAZIL R/S (CYRBY), Interrent Real Estate Investment Trust (IIPZF), Universal Health Realty Income Trust (UHT), RLJ Lodging Trust (RLJ), Safestore (SFSHF), Mack Cali Realty (CLI), Hannon Armstrong Sustnbl Infrstr Cap (HASI), Corecivic (CXW) and LTC Properties (LTC).

Based on aggregate information from My MarketBeat watchlists, some companies that other City Office REIT investors own include Energy Transfer LP Unit (ET), New Residential Investment (NRZ), AGNC Investment (AGNC), CBL & Associates Properties (CBL), AT&T (T), Western Asset Mortgage Capital (WMC), NGL Energy Partners (NGL), ANNALY CAP MGMT/SH (NLY), Invesco Mortgage Capital (IVR) and Medical Properties Trust (MPW).

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

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

One share of CIO stock can currently be purchased for approximately $6.95.

City Office REIT has a market capitalization of $379.41 million and generates $156.30 million in revenue each year. City Office REIT employs 18 workers across the globe. View additional information about City Office REIT.

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

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]