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 All Access 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. $6.90 +0.29 (+4.39%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$6.63▼$6.9350-Day Range$6.01▼$10.0552-Week Range$5.80▼$18.35Volume382,257 shsAverage Volume331,523 shsMarket Capitalization$275.59 millionP/E Ratio40.59Dividend Yield11.59%Price Target$13.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability City Office REIT MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside88.4% Upside$13.00 Price TargetShort InterestHealthy1.28% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-4.06Upright™ Environmental ScoreNews Sentiment1.12Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth3.13%From $1.28 to $1.32 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.3.11 out of 5 starsFinance Sector92nd out of 890 stocksReal Estate Investment Trusts Industry11th 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 $13.00, City Office REIT has a forecasted upside of 88.4% from its current price of $6.90.Amount of Analyst CoverageCity Office REIT has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.28% 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 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in City Office REIT has recently decreased by 9.26%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipCity Office REIT is a leading dividend payer. It pays a dividend yield of 12.64%, 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 470.62%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, City Office REIT will have a dividend payout ratio of 60.61% 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 2.8 News and Social Media Coverage News SentimentCity Office REIT has a news sentiment score of 1.12. 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 higher news sentiment than the 0.59 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for City Office REIT this week, compared to 1 article on an average week.Search InterestOnly 26 people have searched for CIO on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added City Office REIT to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 3.8 Earnings and Valuation Earnings GrowthEarnings for City Office REIT are expected to grow by 3.13% in the coming year, from $1.28 to $1.32 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of City Office REIT is 40.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.06.Price to Earnings Ratio vs. SectorThe P/E ratio of City Office REIT is 40.59, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 142.60.Price to Earnings Growth RatioCity Office REIT has a PEG Ratio of 0.82. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioCity Office REIT has a P/B Ratio of 0.40. 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. is a real estate investment trust. It focuses on acquiring, owning and operating office properties located primarily in metropolitan areas in the Southern and Western United States. The company was founded on November 26, 2013 and is headquartered in Vancouver, Canada.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 HeadlinesMarch 31, 2023 | seekingalpha.comCity Office REIT: Dividends Are Unsustainable, The 9.9% Yielding Preferred Shares Are The Way To GoMarch 30, 2023 | americanbankingnews.comCity Office REIT (NYSE:CIO) and Medical Properties Trust (NYSE:MPW) Critical SurveyMarch 31, 2023 | Investor Place Media (Ad)Biden To Unleash "Choke Point" Operation On America?Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.March 16, 2023 | msn.comCity Office REIT (CIO) Declares $0.20 DividendMarch 14, 2023 | finance.yahoo.comCity Office REIT Announces Dividends for First Quarter 2023February 26, 2023 | finance.yahoo.comCity Office REIT, Inc. (NYSE:CIO) Q4 2022 Earnings Call TranscriptFebruary 24, 2023 | finance.yahoo.comInvestors in City Office REIT (NYSE:CIO) have unfortunately lost 46% over the last yearFebruary 23, 2023 | finance.yahoo.comCity Office REIT Reports Fourth Quarter and Full Year 2022 ResultsMarch 31, 2023 | Investor Place Media (Ad)Biden To Unleash "Choke Point" Operation On America?Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.February 23, 2023 | finance.yahoo.comCity Office REIT Announces New Board Member and Board Role ChangesFebruary 16, 2023 | finance.yahoo.comLTC Properties (LTC) Beats Q4 FFO and Revenue EstimatesFebruary 9, 2023 | finance.yahoo.comThe 7 Most Undervalued Dividend Stocks to Buy in February 2023February 6, 2023 | bizjournals.comTBJ Plus: Triangle office sales among most expensive in US; New NC businesses set record; Beyonce's Grammy feat has NC linkJanuary 30, 2023 | finance.yahoo.comCity Office REIT Announces Tax Treatment of 2022 DistributionsJanuary 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)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 TranscriptNovember 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 companySee 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 Payable1/24/2023Today3/31/2023Ex-Dividend for 4/25 Dividend4/10/2023Dividend Payable4/25/2023Next Earnings (Estimated)5/04/2023Fiscal 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$13.00 High Stock Price Forecast$15.00 Low Stock Price Forecast$12.00 Forecasted Upside/Downside+92.3%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.17 Trailing P/E Ratio39.77 Forward P/E Ratio5.28 P/E Growth0.82Net Income$16.99 million Net Margins9.41% Pretax Margin9.80% Return on Equity2.31% Return on Assets1.06% Debt Debt-to-Equity Ratio1.00 Current Ratio2.48 Quick Ratio2.48 Sales & Book Value Annual Sales$180.49 million Price / Sales1.50 Cash Flow$2.17 per share Price / Cash Flow3.11 Book Value$17.40 per share Price / Book0.39Miscellaneous Outstanding Shares39,940,000Free Float38,820,000Market Cap$269.99 million OptionableOptionable Beta1.62 Key ExecutivesJames Thomas FarrarChief Executive Officer & DirectorGreg TyleePresident & Chief Operating OfficerAnthony MareticChief Financial Officer, Secretary & TreasurerCori HansenDirector-Governance & Corporate AffairsStephanie ChungSenior Vice President-FinanceKey CompetitorsGranite Point Mortgage TrustNYSE:GPMTBraemar Hotels & ResortsNYSE:BHRHersha Hospitality TrustNYSE:HTChicago Atlantic Real Estate FinanceNASDAQ:REFIPostal Realty TrustNYSE:PSTLView All CompetitorsInstitutional OwnershipMetLife Investment Management LLCSold 4,246 shares on 3/23/2023Ownership: 0.049%Voya Investment Management LLCSold 1,277 shares on 2/28/2023Ownership: 0.039%Alliancebernstein L.P.Bought 61,675 shares on 2/16/2023Ownership: 3.471%Point72 Middle East FZEBought 3,342 shares on 2/16/2023Ownership: 0.008%State of WyomingBought 3,078 shares on 2/16/2023Ownership: 0.008%View All Institutional Transactions CIO Stock - Frequently Asked Questions Should I buy or sell City Office REIT stock right now? 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. What is City Office REIT's stock price forecast for 2023? 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. How have CIO shares performed in 2023? 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. Are investors shorting City Office REIT? 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. When is City Office REIT's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023. View our CIO earnings forecast. How were City Office REIT's earnings last quarter? 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. How often does City Office REIT pay dividends? What is the dividend yield for City Office REIT? 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. What ETFs hold City Office REIT's stock? 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). 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 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. What guidance has City Office REIT issued on next quarter's earnings? 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 -. 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 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. 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 $6.90. How much money does City Office REIT make? 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. 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 3/31/2023 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. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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