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NYSE:CIO

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

$5.01
-0.02 (-0.40%)
(As of 08:30 AM ET)
Today's Range
$5.01
$5.01
50-Day Range
$4.09
$5.72
52-Week Range
$3.45
$7.12
Volume
100 shs
Average Volume
284,241 shs
Market Capitalization
$201.15 million
P/E Ratio
N/A
Dividend Yield
7.98%
Price Target
$7.00

City Office REIT MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
39.2% Upside
$7.00 Price Target
Short Interest
Healthy
1.13% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.73
Upright™ Environmental Score
News Sentiment
1.05mentions of City Office REIT in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
$164,580 Bought Last Quarter
Proj. Earnings Growth
1.83%
From $1.09 to $1.11 Per Share

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 stars

Finance Sector

17th out of 860 stocks

Real Estate Investment Trusts Industry

4th out of 178 stocks

CIO stock logo

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.

CIO Stock Price History

CIO Stock News Headlines

The Small Biotech with a BIG Cancer Solution
There's a new cancer treatment so precise, it's been called a "smart bomb." One that can deliver a toxic payload directly to tumors while bypassing healthy cells.
City Office REIT (NYSE:CIO) Upgraded to Hold by StockNews.com
CIO Apr 2024 5.000 call
the most reliable asset on earth is making a comeback
Global tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.
City Office REIT Q4 2023 Earnings Preview
CIO.PR.A City Office REIT, Inc. RED PFD SER A
City Office REIT, Inc. (CIO)
City Office REIT Inc
City Office REIT Inc's Dividend Analysis
Low-Priced Office REITs Are On Fire This Week
See More Headlines
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Company Calendar

Ex-Dividend for 1/24 Dividend
1/09/2024
Dividend Payable
1/24/2024
Last Earnings
2/22/2024
Today
3/28/2024
Ex-Dividend for 4/24 Dividend
4/09/2024
Dividend Payable
4/24/2024
Next Earnings (Estimated)
5/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Fax
N/A
Employees
20
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.00
High Stock Price Target
$7.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+39.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$-2,680,000.00
Pretax Margin
-1.14%

Debt

Sales & Book Value

Annual Sales
$179.10 million
Cash Flow
$1.53 per share
Book Value
$16.54 per share

Miscellaneous

Free Float
38,588,000
Market Cap
$201.95 million
Optionable
Optionable
Beta
1.83
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CIO Stock Analysis - Frequently Asked Questions

Should I buy or sell City Office REIT stock right now?

1 Wall Street 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 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 analysts have issued 1-year price targets for City Office REIT's shares. Their CIO share price targets range from $7.00 to $7.00. On average, they anticipate the company's share price to reach $7.00 in the next twelve months. This suggests a possible upside of 39.2% 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 at the beginning of 2024. Since then, CIO stock has decreased by 17.7% and is now trading at $5.03.
View the best growth stocks for 2024 here
.

Are investors shorting City Office REIT?

City Office REIT saw a drop in short interest in March. As of March 15th, there was short interest totaling 434,200 shares, a drop 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. Approximately 1.1% of the company's stock are short sold.
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) announced its quarterly earnings results on Thursday, February, 22nd. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.42. The real estate investment trust earned $44.32 million during the quarter, compared to analysts' expectations 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 firm posted $0.38 earnings per share.

How often does City Office REIT pay dividends? What is the dividend yield for City Office REIT?

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 dividend on an annualized basis and a yield of 7.95%. The ex-dividend date 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 7.75%. 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 issued an update on its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share guidance of 1.180-1.220 for the period, compared to the consensus earnings per share estimate of 1.320. The company issued revenue guidance of -.

What other stocks do shareholders of City Office REIT own?
Who are City Office REIT's major shareholders?

City Office REIT's stock is owned by a variety of institutional and retail investors. Top institutional investors 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

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