City Office REIT - CIO Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for City Office REIT in the last year. There are currently 2 hold ratings 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.

2 brokerages have issued 12-month price objectives for City Office REIT's shares. Their CIO share price forecasts range from $15.00 to $20.00. On average, they expect the company's stock price to reach $16.67 in the next twelve months. This suggests a possible upside of 77.5% 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 $19.72 at the beginning of 2022. Since then, CIO shares have decreased by 52.4% and is now trading at $9.39.
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City Office REIT saw a drop in short interest in September. As of September 15th, there was short interest totaling 676,000 shares, a drop 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 presently 2.0 days. Currently, 1.7% of the company's stock are sold short.
View City Office REIT's Short Interest.

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

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.15. City Office REIT had a net margin of 263.75% and a trailing twelve-month return on equity of 70.11%. During the same period in the previous year, the company posted $0.33 EPS.

City Office REIT declared 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 8.52%. The ex-dividend date is Thursday, October 6th.
Read our dividend analysis for CIO.

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.

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

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 $9.39.

City Office REIT (NYSE:CIO) has a market capitalization of $390.34 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.

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.