NYSE:CIOCity Office REIT Stock Price, Forecast & News

City Office REIT's stock was trading at $9.64 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CIO shares have increased by 0.8% and is now trading at $9.72. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for City Office REIT in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for City Office REIT.

City Office REIT is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for City Office REIT.

City Office REIT Inc (NYSE:CIO) announced its quarterly earnings data on Thursday, May, 7th. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by $0.27. The real estate investment trust had revenue of $40.12 million for the quarter, compared to analysts' expectations of $39.35 million. City Office REIT had a return on equity of 1.01% and a net margin of 2.33%. View City Office REIT's earnings history.

City Office REIT announced a quarterly dividend on Wednesday, March 25th. Shareholders of record on Thursday, April 9th will be paid a dividend of $0.15 per share on Friday, April 24th. This represents a $0.60 annualized dividend and a dividend yield of 6.17%. The ex-dividend date of this dividend is Wednesday, April 8th. View City Office REIT's dividend history.

City Office REIT updated its FY 2020 Pre-Market earnings guidance on Thursday, May, 7th. The company provided EPS guidance of 1.07-1.12 for the period.

5 Wall Street analysts have issued 1-year price targets for City Office REIT's stock. Their forecasts range from $9.00 to $15.00. On average, they expect City Office REIT's stock price to reach $12.40 in the next year. This suggests a possible upside of 27.6% from the stock's current price. View analysts' price targets for City Office REIT.

News headlines about CIO stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. City Office REIT earned a media sentiment score of 1.8 on InfoTrie's scale. They also assigned headlines about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future. View the latest news aboutCity Office REIT.

Some companies that are related to City Office REIT include Paramount Group (PGRE), CHIMERA INVT CO/SH NEW (CIM), RLJ Lodging Trust (RLJ), Uniti Group (UNIT), Brandywine Realty Trust (BDN), Four Corners Property Trust (FCPT), American Assets Trust (AAT), LTC Properties (LTC), Columbia Property Trust (CXP), The GEO Group (GEO), Corecivic (CXW), Apollo Commercial Real Est. Finance (ARI), Mack Cali Realty (CLI), Essential Properties Realty Trust (EPRT) and Alexander's (ALX). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other City Office REIT investors own include Energy Transfer LP Unit (ET), New Residential Investment (NRZ), AGNC Investment (AGNC), CBL & Associates Properties (CBL), AT&T (T), Western Asset Mortgage Capital (WMC), NGL Energy Partners (NGL), Medical Properties Trust (MPW), ANNALY CAP MGMT/SH (NLY) and Ares Capital (ARCC).

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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.61%), Alliancebernstein L.P. (8.91%), Nuveen Asset Management LLC (3.01%), Victory Capital Management Inc. (2.47%), Victory Capital Management Inc. (2.84%) and State Street Corp (2.77%). Company insiders that own City Office REIT stock include 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 BlackRock Inc., AJO LP, Principal Financial Group Inc., Alliancebernstein L.P., Dalton Greiner Hartman Maher & Co., Connor Clark & Lunn Investment Management Ltd., Nuveen Asset Management LLC, and Parametric Portfolio Associates LLC. View insider buying and selling activity for City Office REIT.

CIO stock was purchased by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., Victory Capital Management Inc., Victory Capital Management Inc., SG Americas Securities LLC, Geode Capital Management LLC, Martingale Asset Management L P, JPMorgan Chase & Co., and State Street Corp. Company insiders that have bought City Office REIT stock in the last two years include Gregory Tylee, James Thomas Farrar, John Sweet, and Stephen B Shraiberg. View insider buying and selling activity for City Office REIT.

Shares of CIO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CIO stock can currently be purchased for approximately $9.72.

City Office REIT has a market capitalization of $462.40 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 18 workers across the globe.

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

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]