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

Company Overview

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.

Key Stats

• Today's Range: $4.88 to $5.06
• 50-Day Range: $4.82 to $6.30
• 52-Week Range: $4.02 to $6.70
• Volume: 162,848 shs
• Average Volume: 211,142 shs
• Market Capitalization: $202.76 million
• P/E Ratio: N/A
• Dividend Yield: 7.92%
• Price Target: N/A
• Consensus Rating: N/A

City Office REIT Stock Analysis - MarketRank™

City Office REIT scored higher than 66% of companies evaluated by MarketBeat, and ranked 442nd out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for City Office REIT.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -1.90%

Earnings Growth

Earnings for City Office REIT are expected to decrease by -1.90% in the coming year, from $1.05 to $1.03 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of City Office REIT is -12.00, 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. Sector

The P/E ratio of City Office REIT is -12.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

City Office REIT has a PEG Ratio of 0.78. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

City Office REIT has a P/B Ratio of 0.32. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.71% of the float of City Office REIT has been sold short.

Short Interest Ratio / Days to Cover

City 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 month

Short interest in City Office REIT has recently decreased by 10.00%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

City Office REIT is a leading dividend payer. It pays a dividend yield of 8.13%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

City Office REIT does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, City Office REIT will have a dividend payout ratio of 38.83% next year. This indicates that City Office REIT will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.4 / 5
• Environmental Score: -2.50

Percentage of Shares Shorted

0.71% of the float of City Office REIT has been sold short.

Short Interest Ratio / Days to Cover

City 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 month

Short interest in City Office REIT has recently decreased by 10.00%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: N/A

News Sentiment

City Office REIT has a news sentiment score of 1.04. 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 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for City Office REIT this week, compared to 1 article on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, City Office REIT insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.90% of the stock of City Office REIT is held by insiders.

Percentage Held by Institutions

67.47% 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.

CIO Stock Analysis - Frequently Asked Questions

How have CIO shares performed this year?

City Office REIT's stock was trading at $6.11 at the beginning of the year. Since then, CIO shares have decreased by 17.5% and is now trading at $5.04.
View the best growth stocks for 2024 here.

How were City Office REIT's earnings last quarter?

City Office REIT, Inc. (NYSE:CIO) announced its quarterly earnings data on Thursday, October, 31st. The real estate investment trust reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.25 by $0.36. The real estate investment trust earned $42.37 million during the quarter, compared to analyst estimates of $42.02 million. City Office REIT had a negative trailing twelve-month return on equity of 1.48% and a negative net margin of 5.56%.

Who are City Office REIT's major shareholders?

City Office REIT's top institutional shareholders include Geode Capital Management LLC (2.56%), State Street Corp (2.19%), Charles Schwab Investment Management Inc. (0.85%) and Penserra Capital Management LLC (0.51%).
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.

What other stocks do shareholders of City Office REIT own?

Based on aggregate information from My MarketBeat watchlists, some other companies that City Office REIT investors own include Meta Platforms (META), NVIDIA (NVDA), Tesla (TSLA), AT&T (T), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM) and Alphabet (GOOG).

Company Calendar

• Ex-Dividend for 10/24 Dividend: 10/10/2024
• Dividend Payable: 10/24/2024
• Last Earnings: 10/31/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/27/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• Current Symbol: NYSE:CIO
• CUSIP: N/A
• CIK: 1593222
• Web: www.cityofficereit.com
• Phone: (604) 806-3366
• Fax: N/A
• Employees: 20
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($0.42)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 4.69
• P/E Growth: 0.78
• Net Income: $-2,680,000.00
• Net Margins: -5.56%
• Pretax Margin: -5.24%
• Return on Equity: -1.48%
• Return on Assets: -0.65%

Debt

• Debt-to-Equity Ratio: 1.02
• Current Ratio: 2.42
• Quick Ratio: 2.42

Sales & Book Value

• Annual Sales: $179.10 million
• Price / Sales: 1.10
• Cash Flow: $1.57 per share
• Price / Cash Flow: 3.14
• Book Value: $15.83 per share
• Price / Book: 0.31

Miscellaneous

• Outstanding Shares: 40,150,000
• Free Float: 38,588,000
• Market Cap: $197.74 million
• Optionable: Optionable
• Beta: 1.97