City Office REIT - CIO Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for City Office REIT in the last year. 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" 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.

3 brokerages have issued twelve-month price targets for City Office REIT's stock. Their CIO share price forecasts range from $12.00 to $15.00. On average, they predict the company's share price to reach $13.00 in the next year. This suggests a possible upside of 111.7% from the stock's current price.
View analysts price targets for CIO or view top-rated stocks among Wall Street analysts.

City Office REIT's stock was trading at $8.38 at the start of the year. Since then, CIO stock has decreased by 26.7% and is now trading at $6.14.
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City Office REIT saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 541,300 shares, an increase of 5.5% from the February 13th total of 513,100 shares. Based on an average trading volume of 300,400 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.4% of the shares of the company are short sold.
View City Office REIT's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our CIO earnings forecast.

City Office REIT, Inc. (NYSE:CIO) issued its quarterly earnings results on Thursday, May, 5th. The real estate investment trust reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.15. City Office REIT had a net margin of 9.41% and a trailing twelve-month return on equity of 2.31%. During the same quarter last year, the company earned $0.33 earnings per share.

City Office REIT declared a quarterly dividend on Tuesday, March 14th. Investors of record on Tuesday, April 11th will be given a dividend of $0.20 per share on Tuesday, April 25th. This represents a $0.80 annualized dividend and a yield of 13.03%. The ex-dividend date of this dividend is Monday, April 10th.
Read our dividend analysis for CIO.

ETFs with the largest weight of City Office REIT (NYSE:CIO) stock in their portfolio include Hoya Capital High Dividend Yield ETF (RIET), First Trust Dow Jones Select Microcap Index Fund (FDM), Hartford Multifactor Small Cap ETF (ROSC), JPMorgan BetaBuilders MSCI US REIT ETF (BBRE), Schwab U.S. REIT ETF (SCHH), iShares Core U.S. REIT ETF (USRT), SPDR Dow Jones REIT ETF (RWR) and Fidelity MSCI Real Estate Index ETF (FREL).

City Office REIT (NYSE:CIO) pays an annual dividend of $0.80 per share and currently has a dividend yield of 12.48%. CIO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 470.62%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for CIO.

City Office REIT updated its FY 2023 earnings guidance on Thursday, February, 23rd. The company provided earnings per share guidance of $1.38-$1.43 for the period, compared to the consensus EPS estimate of $1.41. The company issued revenue guidance of -.

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 number of retail and institutional investors. Top institutional investors include Nomura Holdings Inc. (4.39%), Renaissance Technologies LLC (3.80%), Alliancebernstein L.P. (3.47%), Geode Capital Management LLC (2.14%), DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main (1.63%) and DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main (1.63%). Insiders that own company stock include Anthony Maretic, James Thomas Farrar and William R Flatt.
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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.
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One share of CIO stock can currently be purchased for approximately $6.14.

City Office REIT (NYSE:CIO) has a market capitalization of $245.23 million and generates $180.49 million in revenue each year. The real estate investment trust earns $16.99 million in net income (profit) each year or $0.17 on an earnings per share basis.

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.