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

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for City Office REIT in the last year. There are currently 1 hold 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.

1 brokerages have issued 12 month target prices for City Office REIT's stock. Their CIO share price targets range from $7.00 to $7.00. On average, they expect the company's stock price to reach $7.00 in the next year. This suggests a possible upside of 57.0% 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 $6.11 on January 1st, 2024. Since then, CIO shares have decreased by 27.0% and is now trading at $4.46.
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City Office REIT saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 384,200 shares, a drop of 11.5% from the March 15th total of 434,200 shares. Based on an average trading volume of 280,600 shares, the short-interest ratio is currently 1.4 days. Currently, 1.0% of the shares of the stock are sold short.
View City Office REIT's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our CIO earnings forecast.

City Office REIT will be holding an earnings conference call on Friday, May 3rd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 929-458-6194 with passcode "497483".

City Office REIT, Inc. (NYSE:CIO) released its earnings results on Thursday, February, 22nd. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by $0.42. The real estate investment trust earned $44.32 million during the quarter, compared to the consensus estimate of $44.47 million. City Office REIT had a negative net margin of 1.50% and a negative trailing twelve-month return on equity of 0.40%. During the same quarter last year, the company posted $0.38 earnings per share.

City Office REIT announced a quarterly dividend on Friday, March 15th. Shareholders 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 annualized dividend and a yield of 8.97%. The ex-dividend date is Tuesday, April 9th.
Read our dividend analysis for CIO.

City Office REIT (NYSE:CIO) pays an annual dividend of $0.40 per share and currently has a dividend yield of 9.15%. 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.

Hoya Capital High Dividend Yield ETF holds 158,240 shares of CIO stock, representing 1.22% of its portfolio.

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 estimate of 1.320. 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).

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.
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