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City Office REIT Inc (CIO)
:CIO
Holding CIO?
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CIO Stock Chart & Stats
Day’s Range― - ―
52-Week Range$4.02 - $6.50
Previous CloseN/A
Volume80.19K
Average Volume (3M)215.91K
Market Cap
$210.01M
Enterprise Value$968.75M
Total Cash (Recent Filing)$13.70M
Total Debt (Recent Filing)$317.56M
Price to Earnings (P/E)―
Beta1.90
Next Earnings
Feb 20, 2025EPS Estimate
-0.1Last Dividend Ex-Date
Jan 10, 2025Dividend Yield7.65%
Share Statistics
EPS (TTM)-0.42
Shares Outstanding40,154,057
10 Day Avg. Volume191,272
30 Day Avg. Volume215,915
Standard Deviation0.15
R-Squared0.47
Alpha-0.02
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.19
Price to Cash Flow (P/CF)2.80
P/FCF Ratio2.20
Enterprise Value/Market Cap4.61
Enterprise Value/Revenue5.58
Enterprise Value/Gross Profit8.88
Enterprise Value/Ebitda11.26
Forecast
1Y Price Target
$5.50Price Target Upside6.80% Upside
Rating ConsensusHold
Number of Analyst Covering1
City Office REIT News
PremiumCompany Announcements
City Office REIT Inc. Reports Stable Q3 2024 Performance
PremiumCompany Announcements
City Office REIT Enhances Executive Compensation StructureBulls Say, Bears Say
Bulls Say
Leasing ActivityThe company executed approximately 269K sqft of new and renewal leases, which included 162K sqft of new leasing and 107K sqft of renewals.
Occupancy RatesOccupancy will be improving to 87% as tenants that have signed leases but have not moved-in to the building.
Portfolio PerformanceThe company's overall portfolio consisted of 5.6 million net rentable square feet, with an occupancy rate of 83.0%, which rises to 87.3% when considering signed leases awaiting occupancy, the highest level since the pandemic.
Bears Say
Bank LendingBanks show unwillingness to do new loans in the office sector.
Investor UncertaintyGeneral investor uncertainty in the office sector remains.
Occupancy LevelsLow occupancy rate at 83%, indicating a decline in demand.
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Ownership Overview
3.95% Insiders
17.99% Mutual Funds
<0.01% Other Institutional Investors
66.58% Public Companies and Individual Investors
CIO FAQ
What was City Office REIT Inc’s price range in the past 12 months?
City Office REIT Inc lowest stock price was $4.02 and its highest was $6.50 in the past 12 months.
What is City Office REIT Inc’s market cap?
City Office REIT Inc’s market cap is $210.01M.
When is City Office REIT Inc’s upcoming earnings report date?
City Office REIT Inc’s upcoming earnings report date is Feb 20, 2025 which is in 30 days.
How were City Office REIT Inc’s earnings last quarter?
City Office REIT Inc released its earnings results on Oct 31, 2024. The company reported -$0.11 earnings per share for the quarter, beating the consensus estimate of -$0.12 by $0.01.
Is City Office REIT Inc overvalued?
According to Wall Street analysts City Office REIT Inc’s price is currently Undervalued.
Does City Office REIT Inc pay dividends?
City Office REIT Inc pays a Quarterly dividend of $0.4 which represents an annual dividend yield of 7.65%. See more information on City Office REIT Inc dividends here
What is City Office REIT Inc’s EPS estimate?
City Office REIT Inc’s EPS estimate is -0.1.
How many shares outstanding does City Office REIT Inc have?
City Office REIT Inc has 40,154,057 shares outstanding.
What happened to City Office REIT Inc’s price movement after its last earnings report?
City Office REIT Inc reported an EPS of -$0.11 in its last earnings report, beating expectations of -$0.12. Following the earnings report the stock price went down -5.104%.
Which hedge fund is a major shareholder of City Office REIT Inc?
Currently, no hedge funds are holding shares in CIO
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City Office REIT Stock Smart Score
Unlock Smart Score
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10
Analyst Consensus
Hold
Average Price Target:
$5.50 (6.80% Upside)
$5.50 (6.80% Upside)
Blogger Sentiment
Bullish
CIO Sentiment 70%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 8.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.9%
Last 30 Days ▼ 0.9%
Last 30 Days ▼ 0.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-8.31%
12-Months-Change
Fundamentals
Return on Equity
-1.26%
Trailing 12-Months
Asset Growth
-3.71%
Trailing 12-Months
Company Description
City Office REIT Inc
City Office REIT, Inc. is a real estate investment trust. It focuses on acquiring, owning and operating office properties located primarily in metropolitan areas in the Southern and Western United States. The company was founded on November 26, 2013 and is headquartered in Vancouver, Canada.
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CIO Company Deck
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CIO Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlighted positive leasing dynamics and successful leasing activity, especially in the Sun Belt and Florida markets, with several ongoing renovations and potential redevelopment projects. However, financial metrics such as net operating income and core FFO decreased, and debt levels remain high.Read More>---
CIO Stock 12 Month Forecast
Average Price Target
$5.50
▲(6.80% Upside)
Technical Analysis
Armada Hoffler Properties
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Piedmont Office
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Brandywine Realty
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Highwoods Properties
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Cousins Properties
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Franklin Street Properties
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Best Analysts Covering CIO
1 Year
Unknown AnalystOdeon Capital Group LLC
Not Ranked
1 Year Success Rate
0/0 ratings generated profit
1 Year Average Return
0.00%
initiated a buy rating 11 months ago
Copying Unknown Analyst's trades and holding each position for 1 Year would result in - of your transactions generating a profit, with an average return of 0.00% per trade.
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