City Office REIT Stock Forecast, Price & News

4 Wall Street 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 analysts is that investors should "moderate buy" City Office REIT stock.
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4 Wall Street analysts have issued twelve-month price objectives for City Office REIT's stock. Their CIO stock forecasts range from $16.00 to $20.00. On average, they predict City Office REIT's share price to reach $18.25 in the next twelve months. This suggests a possible upside of 42.8% from the stock's current price.
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City Office REIT's stock was trading at $19.72 at the beginning of the year. Since then, CIO shares have decreased by 35.2% and is now trading at $12.78.
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City Office REIT is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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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 for the quarter, topping analysts' consensus estimates of $0.36 by $0.15. City Office REIT had a trailing twelve-month return on equity of 83.29% and a net margin of 271.64%. During the same period last year, the business earned $0.33 EPS.
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City Office REIT announced a quarterly dividend on Thursday, June 16th. Stockholders of record on Friday, July 8th will be given a dividend of $0.20 per share on Friday, July 22nd. This represents a $0.80 annualized dividend and a dividend yield of 6.26%. The ex-dividend date of this dividend is Thursday, July 7th.
View City Office REIT's dividend history.

City Office REIT(NYSE:CIO) pays an annual dividend of $0.80 per share and currently has a dividend yield of 6.29%. 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 strong track record of dividend growth. The dividend payout ratio of City Office REIT is 7.80%. 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 50.96% 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 2022 earnings guidance on Monday, May, 16th. The company provided earnings per share guidance of $1.56-$1.60 for the period. The company issued revenue guidance of -.

Some companies that are related to City Office REIT include Four Corners Property Trust (FCPT), Chimera Investment (CIM), Arbor Realty Trust (ABR), Retail Opportunity Investments (ROIC), Macerich (MAC), Washington Real Estate Investment Trust (WRE), RLJ Lodging Trust (RLJ), American Assets Trust (AAT), CareTrust REIT (CTRE), InvenTrust Properties (IVT), DiamondRock Hospitality (DRH), Easterly Government Properties (DEA), Two Harbors Investment (TWO), Brandywine Realty Trust (BDN) and Paramount Group (PGRE).
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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 a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.18%), BlackRock Inc. (7.39%), Fuller & Thaler Asset Management Inc. (5.03%), Nomura Holdings Inc. (4.54%), LSV Asset Management (4.52%) and Renaissance Technologies LLC (3.72%). Company insiders that own City Office REIT stock include Anthony Maretic, Gregory Tylee, James Thomas Farrar, John Sweet, Stephen B Shraiberg and William R Flatt.
View institutional ownership trends for City Office REIT.

CIO stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Invesco Ltd., State of New Jersey Common Pension Fund D, Dimensional Fund Advisors LP, Eidelman Virant Capital, UBS Group AG, D.A. Davidson & CO., and HighTower Advisors LLC.
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CIO stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Bank of Montreal Can, Envestnet Asset Management Inc., Acadian Asset Management LLC, Arrowstreet Capital Limited Partnership, Russell Investments Group Ltd., Panagora Asset Management Inc., and Sei Investments Co.. Company insiders that have bought City Office REIT stock in the last two years include Anthony Maretic, James Thomas Farrar, and William R Flatt.
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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 $12.78.

City Office REIT (NYSE:CIO) has a market capitalization of $556.62 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 $10.25 on an earnings per share basis.

City Office REIT employs 19 workers across the globe.

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