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NYSE:CIO

City Office REIT Stock Forecast, Price & News

$7.41
+0.04 (+0.54 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$7.31
Now: $7.41
$7.46
50-Day Range
$7.07
MA: $8.25
$9.45
52-Week Range
$6.50
Now: $7.41
$14.50
Volume258,643 shs
Average Volume501,185 shs
Market Capitalization$321.57 million
P/E RatioN/A
Dividend Yield8.14%
Beta1.15
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 December 31, 2018, CIO owned office complexes comprising 5.7 million square feet of net rentable area (“NRA”).
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City Office REIT logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.85 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone604-806-3366

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$156.30 million
Cash Flow$1.14 per share
Book Value$8.01 per share

Profitability

Net Income$1.80 million

Miscellaneous

Employees18
Market Cap$321.57 million
Next Earnings Date11/6/2020 (Estimated)
OptionableOptionable
$7.41
+0.04 (+0.54 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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City Office REIT (NYSE:CIO) Frequently Asked Questions

How has City Office REIT's stock been impacted by COVID-19 (Coronavirus)?

City Office REIT's stock was trading at $9.64 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CIO stock has decreased by 23.1% and is now trading at $7.41.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of City Office REIT?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for City Office REIT in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for City Office REIT
.

When is City Office REIT's next earnings date?

City Office REIT is scheduled to release its next quarterly earnings announcement on Friday, November 6th 2020.
View our earnings forecast for City Office REIT
.

How were City Office REIT's earnings last quarter?

City Office REIT Inc (NYSE:CIO) issued its quarterly earnings data on Thursday, August, 6th. The real estate investment trust reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.26 by $0.29. City Office REIT had a net margin of 1.90% and a return on equity of 0.78%.
View City Office REIT's earnings history
.

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 Tuesday, September 15th. Stockholders of record on Thursday, October 8th will be paid a dividend of $0.15 per share on Thursday, October 22nd. This represents a $0.60 annualized dividend and a yield of 8.10%. The ex-dividend date is Wednesday, October 7th.
View City Office REIT's dividend history
.

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

City Office REIT issued an update on its FY 2020 Pre-Market earnings guidance on Thursday, August, 6th. The company provided earnings per share guidance of 1.15-1.18 for the period.

What price target have analysts set for CIO?

4 analysts have issued 1-year target prices for City Office REIT's shares. Their forecasts range from $9.00 to $15.00. On average, they anticipate City Office REIT's stock price to reach $12.00 in the next year. This suggests a possible upside of 61.9% from the stock's current price.
View analysts' price targets for City Office REIT
.

Are investors shorting City Office REIT?

City Office REIT saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 669,600 shares, a drop of 22.9% from the August 15th total of 868,600 shares. Based on an average daily volume of 381,600 shares, the days-to-cover ratio is presently 1.8 days.
View City Office REIT's Short Interest
.

Who are some of City Office REIT's key competitors?

What other stocks do shareholders of City Office REIT own?

Who are City Office REIT's key executives?

City Office REIT's management team includes the following people:
  • Mr. James Thomas Farrar CFA, CEO & Director (Age 43)
  • Mr. Gregory Tylee, COO & Pres (Age 47)
  • Mr. Anthony Maretic C.A., CFO, Treasurer & Sec. (Age 47)

What is City Office REIT's stock symbol?

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

Who are City Office REIT's major shareholders?

City Office REIT's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.09%), LSV Asset Management (5.11%), Victory Capital Management Inc. (2.70%), Goldman Sachs Group Inc. (1.57%), Charles Schwab Investment Management Inc. (1.19%) and Silvercrest Asset Management Group LLC (1.03%). 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
.

Which institutional investors are selling City Office REIT stock?

CIO stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Vanguard Group Inc., Bank of Montreal Can, D.A. Davidson & CO., AJO LP, LSV Asset Management, ICM Asset Management Inc. WA, and Victory Capital Management Inc..
View insider buying and selling activity for City Office REIT
.

Which institutional investors are buying City Office REIT stock?

CIO stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., AQR Capital Management LLC, Charles Schwab Investment Management Inc., Bank of America Corp DE, Two Sigma Advisers LP, Canada Pension Plan Investment Board, Public Employees Retirement System of Ohio, and Silvercrest Asset Management Group LLC. 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
.

How do I buy shares of City Office REIT?

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.

What is City Office REIT's stock price today?

One share of CIO stock can currently be purchased for approximately $7.41.

How big of a company is City Office REIT?

City Office REIT has a market capitalization of $321.57 million and generates $156.30 million in revenue each year. The real estate investment trust earns $1.80 million in net income (profit) each year or $1.17 on an earnings per share basis. City Office REIT employs 18 workers across the globe.

What is City Office REIT's official website?

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

How can I contact City Office REIT?

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]

This page was last updated on 9/26/2020 by MarketBeat.com Staff

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