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.
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3 brokerages have issued 1-year price objectives for City Office REIT's stock. Their CIO share price forecasts range from $12.00 to $15.00. On average, they anticipate the company's share price to reach $13.00 in the next year. This suggests a possible upside of 88.4% 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 beginning of 2023. Since then, CIO stock has decreased by 17.7% and is now trading at $6.90.
View the best growth stocks for 2023 here.

City Office REIT saw a decline in short interest in March. As of March 15th, there was short interest totaling 491,200 shares, a decline of 9.3% from the February 28th total of 541,300 shares. Based on an average daily volume of 333,300 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.3% of the shares of the stock are sold short.
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) released its earnings results on Thursday, May, 5th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.15. City Office REIT had a trailing twelve-month return on equity of 2.31% and a net margin of 9.41%. During the same period last year, the business earned $0.33 EPS.

City Office REIT declared a quarterly dividend on Tuesday, March 14th. Stockholders of record on Tuesday, April 11th will be paid a dividend of $0.20 per share on Tuesday, April 25th. This represents a $0.80 dividend on an annualized basis and a yield of 11.59%. 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), iShares Core U.S. REIT ETF (USRT), SPDR Dow Jones REIT ETF (RWR), Fidelity MSCI Real Estate Index ETF (FREL), JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and First Trust S&P REIT Index Fund (FRI).

City Office REIT (NYSE:CIO) pays an annual dividend of $0.80 per share and currently has a dividend yield of 12.64%. 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. Based on earnings estimates, CIO will have a dividend payout ratio of 60.61% 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 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 many different 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.
View institutional ownership trends.

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 $6.90.

City Office REIT (NYSE:CIO) has a market capitalization of $275.59 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.