NYSE:CIO

City Office REIT Stock Forecast, Price & News

$12.71
-0.03 (-0.24 %)
(As of 06/15/2021 12:00 AM ET)
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Today's Range
$12.63
$12.91
50-Day Range
$10.56
$12.85
52-Week Range
$6.12
$12.94
Volume157,202 shs
Average Volume227,975 shs
Market Capitalization$551.58 million
P/E Ratio12.34
Dividend Yield4.71%
Beta1.62
30 days | 90 days | 365 days | Advanced Chart
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About City Office REIT

City Office REIT, Inc. (NYSE: CIO) invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the Southern and Western United States. At September 30, 2020, CIO owned office complexes comprising 5.8 million square feet of net rentable area (ÂNRAÂ).

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Sales & Book Value

Profitability

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Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

2.09 out of 5 stars

Finance Sector

139th out of 1,976 stocks

Real Estate Investment Trusts Industry

31st out of 275 stocks

Analyst Opinion: 1.2Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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City Office REIT (NYSE:CIO) Frequently Asked Questions

Is City Office REIT a buy right now?

3 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 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" City Office REIT stock. 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 analyst ratings for City Office REIT
or view top-rated stocks.

What stocks does MarketBeat like better than City Office REIT?

Wall Street analysts have given City Office REIT a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but City Office REIT wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting City Office REIT?

City Office REIT saw a increase in short interest in May. As of May 14th, there was short interest totaling 497,700 shares, an increase of 21.9% from the April 29th total of 408,200 shares. Based on an average daily trading volume, of 235,200 shares, the days-to-cover ratio is presently 2.1 days.
View City Office REIT's Short Interest
.

When is City Office REIT's next earnings date?

City Office REIT is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for City Office REIT
.

How were City Office REIT's earnings last quarter?

City Office REIT, Inc. (NYSE:CIO) announced its quarterly earnings data on Thursday, May, 6th. The real estate investment trust reported $1.07 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.30 by $0.77. City Office REIT had a net margin of 32.78% and a trailing twelve-month return on equity of 16.22%.
View City Office REIT's earnings history
.

How has City Office REIT's stock been impacted by COVID-19?

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 31.8% and is now trading at $12.71.
View which stocks have been most impacted by COVID-19
.

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 23rd. Shareholders of record on Friday, April 9th will be paid a dividend of $0.15 per share on Friday, April 23rd. This represents a $0.60 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend is Thursday, April 8th.
View City Office REIT's dividend history
.

Is City Office REIT a good dividend stock?

City Office REIT pays an annual dividend of $0.60 per share and currently has a dividend yield of 4.71%. 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 49.18%. 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 46.15% next year. This indicates that City Office REIT will be able to sustain or increase its dividend.
View City Office REIT's dividend history.

What guidance has City Office REIT issued on next quarter's earnings?

City Office REIT issued an update on its FY 2021 earnings guidance on Friday, May, 28th. The company provided earnings per share guidance of 1.280-1.310 for the period. The company issued revenue guidance of -.

What price target have analysts set for CIO?

3 analysts have issued 1 year price targets for City Office REIT's stock. Their forecasts range from $11.00 to $15.00. On average, they expect City Office REIT's stock price to reach $12.67 in the next year. This suggests that the stock has a possible downside of 0.3%.
View analysts' price targets for City Office REIT
or view top-rated stocks among Wall Street analysts.

Who are City Office REIT's key executives?

City Office REIT's management team includes the following people:
  • Mr. James Thomas Farrar CFA, CEO & Director (Age 45, Pay $1.1M)
  • Mr. Gregory Tylee, COO & Pres (Age 49, Pay $1.1M)
  • Mr. Anthony Maretic C.A., CFO, Sec. & Treasurer (Age 49, Pay $804.26k)

Who are some of City Office REIT's key competitors?

What other stocks do shareholders of City Office REIT own?

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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.07%), LSV Asset Management (4.67%), Renaissance Technologies LLC (4.34%), Victory Capital Management Inc. (2.67%), JPMorgan Chase & Co. (2.60%) and Geode Capital Management LLC (2.18%). 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
.

Which institutional investors are selling City Office REIT stock?

CIO stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Nuveen Asset Management LLC, LSV Asset Management, Northern Trust Corp, Victory Capital Management Inc., BlackRock Inc., Renaissance Technologies LLC, and D. E. Shaw & Co. Inc..
View insider buying and selling activity for City Office REIT
or view top insider-selling stocks.

Which institutional investors are buying City Office REIT stock?

CIO stock was acquired by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Goldman Sachs Group Inc., Arrowstreet Capital Limited Partnership, Panagora Asset Management Inc., D.A. Davidson & CO., Geode Capital Management LLC, Kennedy Capital Management Inc., and Morgan Stanley. 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.

How do I buy shares of 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 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 $12.71.

How much money does City Office REIT make?

City Office REIT has a market capitalization of $551.61 million and generates $160.84 million in revenue each year. The real estate investment trust earns $4.53 million in net income (profit) each year or $1.22 on an earnings per share basis.

How many employees does City Office REIT have?

City Office REIT employs 20 workers across the globe.

What is City Office REIT's official website?

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

Where are City Office REIT's headquarters?

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

How can I contact City Office REIT?

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]


This page was last updated on 6/15/2021 by MarketBeat.com Staff
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