City Office REIT (CIO) Stock Forecast, Price & News

3 Wall Street research 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 research analysts is that investors should "hold" CIO shares. 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 CIO analyst ratings or view top-rated stocks.

3 brokerages have issued 1-year price targets for City Office REIT's stock. Their CIO share price forecasts range from $7.00 to $12.00. On average, they anticipate the company's share price to reach $10.33 in the next twelve months. This suggests a possible upside of 104.6% from the stock's current price.
View analysts price targets for CIO or view top-rated stocks among Wall Street analysts.

City Office REIT's stock was trading at $8.38 at the beginning of the year. Since then, CIO stock has decreased by 39.7% and is now trading at $5.05.
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City Office REIT saw a increase in short interest in May. As of May 15th, there was short interest totaling 776,700 shares, an increase of 16.0% from the April 30th total of 669,800 shares. Based on an average daily trading volume, of 492,700 shares, the short-interest ratio is presently 1.6 days. Approximately 2.0% of the shares of the stock are short sold.
View City Office REIT's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our CIO earnings forecast.

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 (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.15. City Office REIT had a negative net margin of 3.76% and a negative trailing twelve-month return on equity of 0.96%. During the same quarter in the previous year, the business posted $0.33 earnings per share.

City Office REIT announced a quarterly dividend on Friday, May 5th. Shareholders of record on Friday, July 7th will be paid a dividend of $0.10 per share on Friday, July 21st. This represents a $0.40 annualized dividend and a yield of 7.92%. The ex-dividend date of this dividend is Thursday, July 6th.
Read our dividend analysis for CIO.

ETFs with the largest weight of City Office REIT (NYSE:CIO) stock in their portfolio include Hoya Capital High Dividend Yield ETF (RIET), Arrow Dow Jones Global Yield ETF (GYLD), First Trust Dow Jones Select Microcap Index Fund (FDM), Hartford Multifactor Small Cap ETF (ROSC), SPDR Dow Jones REIT ETF (RWR), First Trust S&P REIT Index Fund (FRI), Vanguard Real Estate ETF (VNQ) and iShares Core U.S. REIT ETF (USRT).

City Office REIT (NYSE:CIO) pays an annual dividend of $0.40 per share and currently has a dividend yield of 17.66%. CIO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for CIO.

City Office REIT issued an update on its FY 2023 earnings guidance on Sunday, May, 7th. The company provided earnings per share guidance of $1.38-$1.43 for the period, compared to the consensus EPS estimate of $1.41. The company issued revenue guidance of -.

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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.07%), LSV Asset Management (4.67%), Nomura Holdings Inc. (4.29%), Renaissance Technologies LLC (3.53%), State Street Corp (3.14%) and Geode Capital Management LLC (2.31%). Insiders that own company stock include Anthony Maretic, James Thomas Farrar and William R Flatt.
View institutional ownership trends.

Shares of CIO stock 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 $5.05.

City Office REIT (NYSE:CIO) has a market capitalization of $201.69 million and generates $181.59 million in revenue each year. The real estate investment trust earns $16.99 million in net income (profit) each year or ($0.37) on an earnings per share basis.

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