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City Office REIT (CIO)
NYSE:CIO
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CIO Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$4.02 - $6.63
Previous Close$5.45
Volume448.67K
Average Volume (3M)282.56K
Market Cap
$214.02M
Enterprise Value$836.79M
Total Cash (Recent Filing)$25.91M
Total Debt (Recent Filing)$648.17M
Price to Earnings (P/E)―
Beta1.95
Next Earnings
Feb 20, 2025EPS Estimate
-$0.1Next Dividend Ex-Date
Jan 09, 2025Dividend Yield7.5%
Share Statistics
EPS (TTM)-0.42
Shares Outstanding40,154,055
10 Day Avg. Volume551,074
30 Day Avg. Volume282,557
Standard Deviation0.15
R-Squared0.46
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)0.34
Price to Sales (P/S)1.23
Price to Cash Flow (P/CF)2.90
P/FCF Ratio2.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.82
Enterprise Value/Gross Profit7.67
Enterprise Value/Ebitda9.73
Forecast
1Y Price Target
$5.50Price Target Upside0.92% 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
18.14% Mutual Funds
16.42% Other Institutional Investors
45.17% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CIO FAQ
What was City Office REIT’s price range in the past 12 months?
City Office REIT lowest stock price was $4.02 and its highest was $6.63 in the past 12 months.
What is City Office REIT’s market cap?
Currently, no data Available
When is City Office REIT’s upcoming earnings report date?
City Office REIT’s upcoming earnings report date is Feb 20, 2025 which is in 60 days.
How were City Office REIT’s earnings last quarter?
City Office REIT 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 overvalued?
According to Wall Street analysts City Office REIT’s price is currently Undervalued.
Does City Office REIT pay dividends?
City Office REIT pays a Quarterly dividend of $0.1 which represents an annual dividend yield of 7.5%. See more information on City Office REIT dividends here
What is City Office REIT’s EPS estimate?
City Office REIT’s EPS estimate is -$0.1.
How many shares outstanding does City Office REIT have?
City Office REIT has 40,154,057 shares outstanding.
What happened to City Office REIT’s price movement after its last earnings report?
City Office REIT 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 -5.009%.
Which hedge fund is a major shareholder of City Office REIT?
Among the largest hedge funds holding City Office REIT’s share is Graham Capital Management, L.P.. It holds City Office REIT’s shares valued at 75K.
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City Office REIT Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$5.50 (0.92% Upside)
$5.50 (0.92% Upside)
Blogger Sentiment
Bullish
CIO Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 8.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.9%
Last 30 Days ▼ 3.4%
Last 30 Days ▼ 3.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-5.59%
12-Months-Change
Fundamentals
Return on Equity
-1.26%
Trailing 12-Months
Asset Growth
-3.71%
Trailing 12-Months
Company Description
City Office REIT
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
▲(0.92% 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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Best Analysts Covering CIO
1 Year
1 Year Success Rate
0/0 ratings generated profit
1 Year Average Return
0.00%
initiated a buy rating 10 months ago
Copying Unknown Analyst's trades and holding each position for 1 Year would result in 0.00% of your transactions generating a profit, with an average return of 0.00% per trade.
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