City Office REIT Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for City Office REIT in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" City Office REIT stock.
View analyst ratings for City Office REIT or view top-rated stocks.

Wall Street analysts have given City Office REIT a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but City Office REIT wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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City Office REIT saw a increase in short interest during the month of February. As of February 12th, there was short interest totaling 606,300 shares, an increase of 27.4% from the January 28th total of 476,000 shares. Based on an average daily trading volume, of 261,700 shares, the days-to-cover ratio is currently 2.3 days.
View City Office REIT's Short Interest.

City Office REIT is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
View our earnings forecast for City Office REIT.

City Office REIT, Inc. (NYSE:CIO) announced its quarterly earnings results on Wednesday, February, 24th. The real estate investment trust reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.31 by $0.34. City Office REIT had a net margin of 4.37% and a trailing twelve-month return on equity of 1.87%.
View City Office REIT's earnings history.

City Office REIT's stock was trading at $9.64 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CIO shares have increased by 12.9% and is now trading at $10.88.
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City Office REIT announced a quarterly dividend on Tuesday, December 15th. Investors of record on Monday, January 11th will be given a dividend of $0.15 per share on Monday, January 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date of this dividend is Friday, January 8th.
View City Office REIT's dividend history.

City Office REIT pays an annual dividend of $0.60 per share and currently has a dividend yield of 5.49%. CIO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. City Office REIT does not yet have a strock track record of dividend growth. The dividend payout ratio of City Office REIT is 51.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, City Office REIT will have a dividend payout ratio of 47.24% next year. This indicates that City Office REIT will be able to sustain or increase its dividend.
View City Office REIT's dividend history.

City Office REIT issued an update on its FY 2021 Pre-Market earnings guidance on Thursday, February, 25th. The company provided earnings per share guidance of 1.20-1.24 for the period.

4 Wall Street analysts have issued 1-year price targets for City Office REIT's stock. Their forecasts range from $9.00 to $13.00. On average, they anticipate City Office REIT's stock price to reach $11.00 in the next year. This suggests a possible upside of 1.1% from the stock's current price.
View analysts' price targets for City Office REIT or view top-rated stocks among Wall Street analysts.

Some companies that are related to City Office REIT include PennyMac Mortgage Investment Trust (PMT), MFA Financial (MFA), Monmouth Real Estate Investment (MNR), Easterly Government Properties (DEA), Acadia Realty Trust (AKR), Kite Realty Group Trust (KRG), Cyrela Brazil Realty S.A. Empreendimentos e Participações (CYRBY), Columbia Property Trust (CXP), LTC Properties (LTC), Global Net Lease (GNL), New York Mortgage Trust (NYMT), InterRent Real Estate Investment Trust (IIPZF), Tanger Factory Outlet Centers (SKT), Alexander's (ALX) and Independence Realty Trust (IRT).
View all of CIO's competitors.

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.23%), Fuller & Thaler Asset Management Inc. (5.51%), Renaissance Technologies LLC (4.47%), Alliancebernstein L.P. (3.82%), Victory Capital Management Inc. (2.83%) and JPMorgan Chase & Co. (2.51%). Company insiders that own City Office REIT stock include Anthony Maretic, Gregory Tylee, James Thomas Farrar, John Sweet and Stephen B Shraiberg.
View institutional ownership trends for City Office REIT.

CIO stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Nuveen Asset Management LLC, Charles Schwab Investment Management Inc., Dalton Greiner Hartman Maher & Co., Victory Capital Management Inc., Northern Trust Corp, Sumitomo Mitsui Trust Holdings Inc., and Wells Fargo & Company MN.
View insider buying and selling activity for City Office REIT or view top insider-selling stocks.

CIO stock was purchased by a variety of institutional investors in the last quarter, including Kennedy Capital Management Inc., Fuller & Thaler Asset Management Inc., Globeflex Capital L P, Alliancebernstein L.P., Monarch Partners Asset Management LLC, Panagora Asset Management Inc., BlackRock Inc., and HighTower Advisors LLC. Company insiders that have bought City Office REIT stock in the last two years include Anthony Maretic, Gregory Tylee, James Thomas Farrar, John Sweet, and Stephen B Shraiberg.
View insider buying and selling activity for City Office REIT or or view top insider-buying stocks.

Shares of CIO 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 $10.88.

City Office REIT has a market capitalization of $472.16 million and generates $156.30 million in revenue each year. The real estate investment trust earns $1.80 million in net income (profit) each year or $1.17 on an earnings per share basis.

City Office REIT employs 20 workers across the globe.

The official website for City Office REIT is www.cityofficereit.com.

City Office REIT is headquartered at 666 BURRARD STREET SUITE 3210, VANCOUVER A1, V6C 2X8.

City Office REIT's mailing address is 666 BURRARD STREET SUITE 3210, VANCOUVER A1, V6C 2X8. The real estate investment trust can be reached via phone at 604-806-3366 or via email at [email protected]