NYSE:CIO City Office REIT - CIO Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding City Office REIT, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $9.66 +0.29 (+3.09%) (As of 01/27/2023 12:00 AM ET) Add Compare Share Share Today's Range$9.37▼$9.7950-Day Range$8.05▼$10.0352-Week Range$8.03▼$18.35Volume201,810 shsAverage Volume338,918 shsMarket Capitalization$383.70 millionP/E Ratio0.94Dividend Yield8.28%Price Target$13.67 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability City Office REIT MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside41.5% Upside$13.67 Price TargetShort InterestHealthy1.27% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-4.06Upright™ Environmental ScoreNews SentimentN/AInsider TradingN/AProj. Earnings Growth-10.88%From $1.47 to $1.31 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.57 out of 5 starsFinance Sector203rd out of 900 stocksReal Estate Investment Trusts Industry39th out of 192 stocks 3.2 Analyst's Opinion Consensus RatingCity Office REIT has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $13.67, City Office REIT has a forecasted upside of 41.5% from its current price of $9.66.Amount of Analyst CoverageCity Office REIT has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.27% of the float of City Office REIT has been sold short.Short Interest Ratio / Days to CoverCity Office REIT has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in City Office REIT has recently increased by 9.67%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipCity Office REIT is a leading dividend payer. It pays a dividend yield of 8.28%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCity Office REIT does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of City Office REIT is 7.77%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, City Office REIT will have a dividend payout ratio of 61.07% next year. This indicates that City Office REIT will be able to sustain or increase its dividend. Previous Next 2.1 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCity Office REIT has received a 1.62% net impact score from Upright. City Office REIT seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is driven by its "Real estate funds investing in office buildings" product. See details.Environmental SustainabilityThe Environmental Impact score for City Office REIT is -4.06. Previous Next 2.4 News and Social Media Coverage News SentimentCity Office REIT has a news sentiment score of 0.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 1 news article for City Office REIT this week, compared to 1 article on an average week.Search Interest10 people have searched for CIO on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.MarketBeat Follows2 people have added City Office REIT to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, City Office REIT insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.80% of the stock of City Office REIT is held by insiders.Percentage Held by Institutions76.80% of the stock of City Office REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for City Office REIT are expected to decrease by -10.88% in the coming year, from $1.47 to $1.31 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of City Office REIT is 0.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.85.Price to Earnings Ratio vs. SectorThe P/E ratio of City Office REIT is 0.94, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 180.62.Price to Earnings Growth RatioCity Office REIT has a PEG Ratio of 1.23. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCity Office REIT has a P/B Ratio of 0.55. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About City Office REIT (NYSE:CIO) StockCity 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).Read More Receive CIO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for City Office REIT and its competitors with MarketBeat's FREE daily newsletter. Email Address CIO Stock News HeadlinesJanuary 12, 2023 | finance.yahoo.comCity Office REIT Announces Fourth Quarter and Full Year 2022 Earnings Release and Conference CallDecember 20, 2022 | finance.yahoo.comCity Office REIT, Inc. (CIO-PA)January 29, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…December 15, 2022 | finance.yahoo.comCity Office REIT Announces Dividends for Fourth Quarter 2022December 13, 2022 | finance.yahoo.comCity Office 'Sun Belt' REIT Drops To New Yearly LowDecember 10, 2022 | seekingalpha.comCity Office REIT: The Preferred Shares Now Offer A 9% YieldNovember 20, 2022 | seekingalpha.com8%-Yielding City Office REIT Is Now Way Too CheapNovember 7, 2022 | seekingalpha.comCity Office REIT, Inc. (CIO) Q3 2022 Earnings Call TranscriptJanuary 29, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…November 7, 2022 | seekingalpha.comCity Office REIT Q3 results top consensus on leasing activity, less expensesNovember 7, 2022 | finance.yahoo.comCity Office REIT Reports Third Quarter 2022 ResultsNovember 7, 2022 | finance.yahoo.comCity Office REIT (CIO) Surpasses Q3 FFO and Revenue EstimatesOctober 20, 2022 | nasdaq.comCity Office REIT, Inc. (NYSE:CIO) is a favorite amongst institutional investors who own 81%October 6, 2022 | finance.yahoo.comCity Office REIT Announces Third Quarter 2022 Earnings Release and Conference CallSeptember 30, 2022 | finance.yahoo.comCity Office REIT, Inc. (NYSE:CIO) is largely controlled by institutional shareholders who own 82% of the companySeptember 17, 2022 | seekingalpha.comCIO City Office REIT, Inc.September 15, 2022 | finance.yahoo.comCity Office REIT Announces Dividends for Third Quarter 2022August 5, 2022 | finance.yahoo.comRaleigh's new development hotspot marks rise of the 'tweener' districtAugust 5, 2022 | seekingalpha.comCity Office REIT, Inc. (CIO) CEO Jamie Farrar on Q2 2022 Results - Earnings Call TranscriptAugust 4, 2022 | finance.yahoo.comCity Office REIT Reports Second Quarter 2022 ResultsAugust 4, 2022 | finance.yahoo.comCity Office REIT (CIO) Tops Q2 FFO and Revenue EstimatesJuly 11, 2022 | finance.yahoo.comIs City Office REIT (CIO) Stock Undervalued Right Now?July 7, 2022 | finance.yahoo.comCity Office REIT Announces Second Quarter 2022 Earnings Release and Conference CallJune 16, 2022 | finance.yahoo.comCity Office REIT Announces Dividends for Second Quarter 2022June 15, 2022 | seekingalpha.comCity Office REIT sells Dallas property for $43.8MJune 15, 2022 | finance.yahoo.comCity Office REIT Announces Sale of Lake Vista Pointe Property for $43.8 MillionMay 5, 2022 | seekingalpha.comCity Office REIT's (CIO) CEO Jamie Farrar on Q1 2022 Results - Earnings Call TranscriptSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CIO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for City Office REIT and its competitors with MarketBeat's FREE daily newsletter. Email Address CIO Company Calendar Last Earnings5/05/2022Ex-Dividend for 1/24 Dividend1/09/2023Dividend Payable1/24/2023Today1/29/2023Next Earnings (Confirmed)2/23/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:CIO CUSIPN/A CIK1593222 Webwww.cityofficereit.com Phone(604) 806-3366FaxN/AEmployees19Year FoundedN/APrice Target and Rating Average Stock Price Forecast$13.67 High Stock Price Forecast$15.00 Low Stock Price Forecast$12.00 Forecasted Upside/Downside+41.5%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$10.29 Trailing P/E Ratio0.94 Forward P/E Ratio6.57 P/E Growth1.23Net Income$484.39 million Net Margins263.44% Pretax Margin263.80% Return on Equity61.46% Return on Assets28.77% Debt Debt-to-Equity Ratio0.95 Current Ratio2.14 Quick Ratio2.14 Sales & Book Value Annual Sales$164.04 million Price / Sales2.34 Cash Flow$12.55 per share Price / Cash Flow0.77 Book Value$17.42 per share Price / Book0.55Miscellaneous Outstanding Shares39,720,000Free Float38,607,000Market Cap$383.70 million OptionableOptionable Beta1.54 Key ExecutivesMr. James Thomas Farrar CFA (Age 47)CEO & Director Comp: $2.46MMr. Gregory Tylee (Age 51)COO & Pres Comp: $2.46MMr. Anthony Maretic C.A. (Age 51)CFO, Sec. & Treasurer Comp: $1.09MMs. Stephanie ChungSr. VP of Fin.Mr. Ken PoolSr. VP of OperationsKey CompetitorsBraemar Hotels & ResortsNYSE:BHRBRT ApartmentsNYSE:BRTHersha Hospitality TrustNYSE:HTTranscontinental Realty InvestorsNYSE:TCIGranite Point Mortgage TrustNYSE:GPMTView All CompetitorsInsiders & InstitutionsStrs OhioSold 3,893 shares on 1/26/2023Ownership: 0.097%Allspring Global Investments Holdings LLCSold 62,930 shares on 1/23/2023Ownership: 0.029%Spirit of America Management Corp NYSold 24,308 shares on 1/18/2023Ownership: 0.101%Bank of New York Mellon CorpBought 17,634 shares on 12/8/2022Ownership: 0.535%California State Teachers Retirement SystemSold 1,780 shares on 11/21/2022Ownership: 0.135%View All Institutional Transactions CIO Stock - Frequently Asked Questions Should I buy or sell City Office REIT stock right now? 3 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 1 buy rating for the stock. The consensus among Wall Street 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 2023? 3 brokerages have issued 1-year price objectives for City Office REIT's shares. Their CIO share price forecasts range from $12.00 to $15.00. On average, they anticipate the company's share price to reach $13.67 in the next twelve months. This suggests a possible upside of 41.5% 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 2023? City Office REIT's stock was trading at $8.38 at the beginning of the year. Since then, CIO stock has increased by 15.3% and is now trading at $9.66. View the best growth stocks for 2023 here. Are investors shorting City Office REIT? City Office REIT saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 488,900 shares, an increase of 9.7% from the December 31st total of 445,800 shares. Based on an average daily trading volume, of 300,100 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.3% of the company's shares 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 Thursday, February 23rd 2023. View our CIO earnings forecast. How can I listen to City Office REIT's earnings call? City Office REIT will be holding an earnings conference call on Thursday, February 23rd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "140203". How were City Office REIT's earnings last quarter? City Office REIT, Inc. (NYSE:CIO) issued its earnings results on Thursday, May, 5th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.15. City Office REIT had a net margin of 263.44% and a trailing twelve-month return on equity of 61.46%. During the same quarter last year, the firm 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, December 15th. Stockholders of record on Tuesday, January 10th will be paid a dividend of $0.20 per share on Tuesday, January 24th. This represents a $0.80 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date is Monday, January 9th. 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 8.54%. CIO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 7.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIO will have a dividend payout ratio of 61.07% 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 2012 earnings guidance on Monday, November, 21st. The company provided earnings per share (EPS) 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? 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). 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 many different institutional and retail investors. Top institutional investors include Spirit of America Management Corp NY (0.10%), Strs Ohio (0.10%) and Allspring Global Investments Holdings LLC (0.03%). Insiders that own company stock include Anthony Maretic, Gregory Tylee, James Thomas Farrar, John Sweet, Stephen B Shraiberg and William R Flatt. View institutional ownership trends. 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 $9.66. How much money does City Office REIT make? City Office REIT (NYSE:CIO) has a market capitalization of $383.70 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 $10.29 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 1/29/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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