NYSE:CIO City Office REIT (CIO) Stock Price, News & Analysis → Trump’s “Tax Free” Retirement Strategy (From Gold Safe Exchange) (Ad) Free CIO Stock Alerts $5.21 +0.18 (+3.58%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$5.06▼$5.2650-Day Range$4.09▼$5.7252-Week Range$3.45▼$7.12Volume449,669 shsAverage Volume291,634 shsMarket Capitalization$209.18 millionP/E RatioN/ADividend Yield7.68%Price Target$7.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get City Office REIT alerts: Email Address City Office REIT MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside34.4% Upside$7.00 Price TargetShort InterestHealthy1.13% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-2.73Upright™ Environmental ScoreNews Sentiment1.05Based on 7 Articles This WeekInsider TradingAcquiring Shares$164,580 Bought Last QuarterProj. Earnings Growth1.83%From $1.09 to $1.11 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.95 out of 5 starsFinance Sector17th out of 849 stocksReal Estate Investment Trusts Industry4th out of 179 stocks 3.0 Analyst's Opinion Consensus RatingCity Office REIT has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $7.00, City Office REIT has a forecasted upside of 34.4% from its current price of $5.21.Amount of Analyst CoverageCity Office REIT has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.13% of the float of City Office REIT has been sold short.Short Interest Ratio / Days to CoverCity Office REIT has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in City Office REIT has recently decreased by 7.42%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipCity Office REIT is a leading dividend payer. It pays a dividend yield of 7.92%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCity Office REIT does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, City Office REIT will have a dividend payout ratio of 36.04% next year. This indicates that City Office REIT will be able to sustain or increase its dividend. Previous Next 1.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCity Office REIT has received a -47.85% net impact score from Upright. The largest negative impact of City Office REIT in category "GHG emissions" is driven by its "Real estate funds investing in office buildings" product. See details.Environmental SustainabilityThe Environmental Impact score for City Office REIT is -2.73. Previous Next 3.9 News and Social Media Coverage News SentimentCity Office REIT has a news sentiment score of 1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 7 news articles for City Office REIT this week, compared to 1 article on an average week.Search Interest11 people have searched for CIO on MarketBeat in the last 30 days. MarketBeat Follows4 people have added City Office REIT to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, City Office REIT insiders have bought more of their company's stock than they have sold. Specifically, they have bought $164,580.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 3.90% of the stock of City Office REIT is held by insiders.Percentage Held by Institutions67.47% of the stock of City Office REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for City Office REIT are expected to grow by 1.83% in the coming year, from $1.09 to $1.11 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of City Office REIT is -20.84, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of City Office REIT is -20.84, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioCity Office REIT has a PEG Ratio of 0.77. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioCity Office REIT has a P/B Ratio of 0.31. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Gold Safe ExchangeTrump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.Protect your retirement savings from the inevitable devaluation of the dollar… About City Office REIT Stock (NYSE:CIO)City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating high-quality office properties located predominantly in Sun Belt markets. City Office currently owns or has a controlling interest in 5.7 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.Read More CIO Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CIO Stock News HeadlinesMarch 22, 2024 | insidertrades.comCity Office REIT, Inc. (NYSE:CIO) Director Buys $164,580.00 in StockMarch 28, 2024 | msn.comCity Office REIT files for $500M mixed shelf offeringMarch 28, 2024 | Gold Safe Exchange (Ad)Trump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.March 28, 2024 | markets.businessinsider.comRBC Capital Reaffirms Their Hold Rating on City Office REIT (CIO)March 24, 2024 | americanbankingnews.comInsider Buying: City Office REIT, Inc. (NYSE:CIO) Director Purchases $164,580.00 in StockMarch 23, 2024 | americanbankingnews.comCity Office REIT (NYSE:CIO) Upgraded to Hold by StockNews.comMarch 19, 2024 | prnewswire.comSHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of City Office REIT, Inc. (NYSE: CIO)March 17, 2024 | finance.yahoo.comCIO Apr 2024 5.000 callMarch 28, 2024 | Gold Safe Exchange (Ad)Trump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.March 15, 2024 | prnewswire.comCity Office REIT Announces Dividends for First Quarter 2024February 24, 2024 | wsj.comCity Office REIT Inc. 6.625% Cum. Redeem. Pfd. Series AFebruary 23, 2024 | finance.yahoo.comCity Office REIT, Inc. (NYSE:CIO) Q4 2023 Earnings Call TranscriptFebruary 22, 2024 | msn.comCity Office REIT reports Q4 results, guides 2024 FFOFebruary 22, 2024 | finance.yahoo.comCity Office REIT Reports Fourth Quarter and Full Year 2023 ResultsFebruary 22, 2024 | finance.yahoo.comCity Office REIT Inc (CIO) Reports Mixed Results Amidst Challenging Market ConditionsFebruary 22, 2024 | prnewswire.comCity Office REIT Reports Fourth Quarter and Full Year 2023 ResultsFebruary 21, 2024 | msn.comCity Office REIT Q4 2023 Earnings PreviewFebruary 16, 2024 | seekingalpha.comCIO.PR.A City Office REIT, Inc. RED PFD SER AJanuary 30, 2024 | ca.finance.yahoo.comCity Office REIT, Inc. (CIO)January 27, 2024 | finanznachrichten.deCity Office REIT, Inc.: City Office REIT Announces Tax Treatment of 2023 DistributionsJanuary 26, 2024 | finance.yahoo.comCity Office REIT Announces Tax Treatment of 2023 DistributionsJanuary 24, 2024 | benzinga.comGrowing Earnings, Ensuring Investor Value: City Office REIT Adjusts Dividends with Consistent GrowthJanuary 23, 2024 | morningstar.comCity Office REIT IncJanuary 10, 2024 | finance.yahoo.comCity Office REIT Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference CallJanuary 8, 2024 | finance.yahoo.comCity Office REIT Inc's Dividend AnalysisDecember 22, 2023 | msn.comS&P revises Highwoods Properties outlook to negative on office market pressuresDecember 15, 2023 | finance.yahoo.comCity Office REIT Announces Dividends for Fourth Quarter 2023See More Headlines Receive CIO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for City Office REIT and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 1/24 Dividend1/09/2024Dividend Payable1/24/2024Last Earnings2/22/2024Today3/28/2024Ex-Dividend for 4/24 Dividend4/09/2024Dividend Payable4/24/2024Next Earnings (Estimated)5/03/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryN/A Current SymbolNYSE:CIO CUSIPN/A CIK1593222 Webwww.cityofficereit.com Phone(604) 806-3366FaxN/AEmployees20Year FoundedN/APrice Target and Rating Average Stock Price Target$7.00 High Stock Price Target$7.00 Low Stock Price Target$7.00 Potential Upside/Downside+34.4%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($0.25) Trailing P/E RatioN/A Forward P/E Ratio4.78 P/E Growth0.77Net Income$-2,680,000.00 Net Margins-1.50% Pretax Margin-1.14% Return on Equity-0.40% Return on Assets-0.17% Debt Debt-to-Equity Ratio1.01 Current Ratio3.33 Quick Ratio3.33 Sales & Book Value Annual Sales$179.10 million Price / Sales1.17 Cash Flow$1.62 per share Price / Cash Flow3.22 Book Value$16.54 per share Price / Book0.31Miscellaneous Outstanding Shares40,150,000Free Float38,588,000Market Cap$209.18 million OptionableOptionable Beta1.83 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. James Thomas Farrar CFA (Age 48)CEO & Director Comp: $1.17MMr. Gregory Tylee (Age 52)COO & President Comp: $1.17MMr. Anthony Maretic C.A. (Age 52)CFO, Secretary & Treasurer Comp: $846.29kMs. Stephanie ChungSenior Vice President of FinanceMr. Ken PoolSenior Vice President of OperationsKey CompetitorsAlpine Income Property TrustNYSE:PINEOrion Office REITNYSE:ONLFranklin Street PropertiesNYSE:FSPAG Mortgage Investment TrustNYSE:MITTNexPoint Real Estate FinanceNYSE:NREFView All CompetitorsInsiders & InstitutionsPNC Financial Services Group Inc.Sold 8,751 shares on 3/22/2024Ownership: 0.011%Michael MazanBought 39,000 shares on 3/19/2024Total: $164,580.00 ($4.22/share)Vanguard Group Inc.Sold 7,484 shares on 3/11/2024Ownership: 9.728%GSA Capital Partners LLPBought 159,122 shares on 2/16/2024Ownership: 0.398%Vanguard Group Inc.Sold 7,484 shares on 2/15/2024Ownership: 9.780%View All Insider TransactionsView All Institutional Transactions CIO Stock Analysis - Frequently Asked Questions Should I buy or sell City Office REIT stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for City Office REIT in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities 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. What is City Office REIT's stock price target for 2024? 1 brokerages have issued 12 month price objectives for City Office REIT's stock. Their CIO share price targets range from $7.00 to $7.00. On average, they predict the company's stock price to reach $7.00 in the next twelve months. This suggests a possible upside of 34.4% from the stock's current price. View analysts price targets for CIO or view top-rated stocks among Wall Street analysts. How have CIO shares performed in 2024? City Office REIT's stock was trading at $6.11 on January 1st, 2024. Since then, CIO shares have decreased by 14.7% and is now trading at $5.21. View the best growth stocks for 2024 here. Are investors shorting City Office REIT? City Office REIT saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 434,200 shares, a decrease of 7.4% from the February 29th total of 469,000 shares. Based on an average trading volume of 292,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.1% of the shares of the company are sold short. View City Office REIT's Short Interest. When is City Office REIT's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024. View our CIO earnings forecast. How were City Office REIT's earnings last quarter? City Office REIT, Inc. (NYSE:CIO) released its quarterly earnings results on Thursday, February, 22nd. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.42. The real estate investment trust had revenue of $44.32 million for the quarter, compared to the consensus estimate of $44.47 million. City Office REIT had a negative trailing twelve-month return on equity of 0.40% and a negative net margin of 1.50%. During the same quarter in the prior year, the firm earned $0.38 EPS. 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 Friday, March 15th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.10 per share on Wednesday, April 24th. This represents a $0.40 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date of this dividend is Tuesday, April 9th. Read our dividend analysis for CIO. Is City Office REIT a good dividend stock? City Office REIT (NYSE:CIO) pays an annual dividend of $0.40 per share and currently has a dividend yield of 7.92%. 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. What ETF holds City Office REIT's stock? Hoya Capital High Dividend Yield ETF holds 92,820 shares of CIO stock, representing 1.21% of its portfolio. What guidance has City Office REIT issued on next quarter's earnings? City Office REIT updated its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of 1.180-1.220 for the period, compared to the consensus EPS estimate of 1.320. The company issued revenue guidance of -. What other stocks do shareholders of City Office REIT own? 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). Who are City Office REIT's major shareholders? City Office REIT's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.78%), Vanguard Group Inc. (9.73%), Newtyn Management LLC (8.02%), LSV Asset Management (4.56%), Goldman Sachs Group Inc. (2.85%) and Dimensional Fund Advisors LP (1.52%). Insiders that own company stock include James Thomas Farrar, Michael Mazan and William R Flatt. View institutional ownership trends. How do I buy shares of City Office REIT? Shares of CIO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:CIO) was last updated on 3/28/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeGrab Your Free Bitcoin Today!Crypto Swap ProfitsMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceTop Project Outperforms BTC in 2023…Crypto 101 MediaAI Cracks Open Largest Untapped Energy Reserve on EarthBanyan Hill PublishingFed launches fourth dollar overhaulStansberry Research“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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