NYSE:CIOCity Office REIT Stock Price, Forecast & News

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 (WHO). Since then, CIO shares have decreased by 1.3% and is now trading at $9.51. 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 will be holding an earnings conference call on Thursday, August 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

City Office REIT Inc (NYSE:CIO) posted its quarterly earnings data on Thursday, May, 7th. The real estate investment trust reported ($0.02) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.25 by $0.27. The real estate investment trust earned $40.12 million during the quarter, compared to the consensus estimate 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 Friday, June 12th. Shareholders of record on Friday, July 10th will be given a dividend of $0.15 per share on Friday, July 24th. This represents a $0.60 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date of this dividend is Thursday, July 9th. View City Office REIT's dividend history.

City Office REIT issued an update on its FY 2020 Pre-Market earnings guidance on Thursday, May, 7th. The company provided earnings per share (EPS) guidance of 1.07-1.12 for the period.

5 Wall Street analysts have issued 12 month price targets for City Office REIT's shares. Their forecasts range from $9.00 to $15.00. On average, they expect City Office REIT's share price to reach $12.60 in the next twelve months. This suggests a possible upside of 32.5% from the stock's current price. View analysts' price targets for City Office REIT.

News coverage about CIO stock has trended somewhat negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. City Office REIT earned a coverage optimism score of -1.9 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news about City Office REIT.

Some companies that are related to City Office REIT include PennyMac Mortgage Investment Trust (PMT), CHIMERA INVT CO/SH NEW (CIM), Uniti Group (UNIT), Easterly Government Properties (DEA), Paramount Group (PGRE), Four Corners Property Trust (FCPT), American Assets Trust (AAT), Caretrust REIT (CTRE), Pebblebrook Hotel Trust (PEB), Apollo Commercial Real Est. Finance (ARI), Global Net Lease (GNL), LTC Properties (LTC), Interrent Real Estate Investment Trust (IIPZF), Two Harbors Investment (TWO) and Columbia Property Trust (CXP). 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 number of institutional and retail investors. Top institutional investors include Dalton Greiner Hartman Maher & Co. (0.61%), Atlantic Union Bankshares Corp (0.32%), Bridge City Capital LLC (0.25%), Spirit of America Management Corp NY (0.17%) and Eidelman Virant Capital (0.09%). 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 Bridge City Capital LLC, Spirit of America Management Corp NY, Atlantic Union Bankshares Corp, and Eidelman Virant Capital. View insider buying and selling activity for City Office REIT.

CIO stock was acquired by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co.. 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 $9.51.

City Office REIT has a market capitalization of $452.39 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]