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City Office REIT, Inc. (CIO)

Stock Price: $10.72 USD -0.35 (-3.16%)
Updated Feb 25, 2021 4:00 PM EST - Market closed
Market Cap 489.95M
Revenue (ttm) 160.06M
Net Income (ttm) -424,000
Shares Out 43.59M
EPS (ttm) -0.01
PE Ratio n/a
Forward PE n/a
Dividend $0.69
Dividend Yield 6.39%
Trading Day February 25
Last Price $10.72
Previous Close $11.07
Change ($) -0.35
Change (%) -3.16%
Day's Open 11.14
Day's Range 10.58 - 11.46
Day's Volume 259,667
52-Week Range 6.03 - 11.94

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Zacks Investment Research - 12 hours ago

City Office REIT (CIO) delivered FFO and revenue surprises of 0.00% and -0.51%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Business Wire - 14 hours ago

VANCOUVER--(BUSINESS WIRE)--City Office REIT CIO Announces Fourth Quarter and Full Year 2020 Results

Business Wire - 2 weeks ago

VANCOUVER--(BUSINESS WIRE)--City Office REIT, Inc. (NYSE: CIO) announced that it has completed the sale of its Cherry Creek property in Denver, Colorado.

Seeking Alpha - 1 month ago

City Office REIT has seen some pain caused by the COVID-19 pandemic. There is some long-term uncertainty regarding the business, but a return to normalcy would be very attractive.

Zacks Investment Research - 1 month ago

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to th...

Seeking Alpha - 1 month ago

I'm not recommending market timing, which is downright dangerous, especially since there are many risk factors weighing on REITs these days.

Other stocks mentioned: CLPR, DEA
Seeking Alpha - 2 months ago

There are acres and acres worth of common “stones” available out there. Some of them are obviously not worth picking up.

Other stocks mentioned: GMRE
Seeking Alpha - 3 months ago

The REIT sectors benefitting from today's structural tailwinds include cell towers, data centers, life science, and single-family residential. We need to use caution to properly adapt to the c...

Other stocks mentioned: BXP, ESRT, KRC, SLG
Zacks Investment Research - 3 months ago

Top Ranked Income Stocks to Buy for November 16th

Other stocks mentioned: EFC, NLY, RC
Seeking Alpha - 3 months ago

City Office REIT suffers from headline risk due to its exposure to Office real estate, but its fundamentals remain strong. Its strategic markets have seen less employment reductions than gatew...

Seeking Alpha - 3 months ago

City Office REIT, Inc. (CIO) CEO Jamie Farrar on Q3 2020 Results - Earnings Call Transcript

Zacks Investment Research - 3 months ago

City Office REIT (CIO) delivered FFO and revenue surprises of 12.90% and 4.70%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Seeking Alpha - 4 months ago

Trick Or Treat: We're Buying Small-Cap REITs

Other stocks mentioned: CTO, LMRK, PINE, RESI, UBA
Seeking Alpha - 5 months ago

Retail Value Inc. again showed top broker estimated net gains of 149.61%, while Two Harbors Investment showed top 18.57% yield (@$5.33 price) out of 350 U.S. REITs per YCharts data 9/17/20.

Other stocks mentioned: ACRE, ARI, BFS, BXMT, CIM, GNL, GOOD, LADR, OPI, RVI, STWD, TWO
Seeking Alpha - 5 months ago

Did coronavirus kill the office? Despite reporting near-perfect rent collection throughout the pandemic, office REITs continue to be under pressure as the “Work From Home” paradigm threatens t...

Other stocks mentioned: AAT, AHH, DEA, EQC, ESRT, FSP, KRC, VNQ
Forbes - 5 months ago

Publicly traded small-cap companies of any kind – real estate investment trust or otherwise – might not seem like your cup of tea at the moment.

Other stocks mentioned: PLYM
Zacks Investment Research - 5 months ago

City Office REIT (CIO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Seeking Alpha - 5 months ago

The bear case that offices will become less relevant is real, but CIO is well-positioned and bearish outcomes are priced into the stock.

Seeking Alpha - 5 months ago

City Office REIT- Emerging Post-Covid Trends And Selloff Create Buying Opportunity

Forbes - 6 months ago

I’m investing in select New York City stocks. And I’m confident certain other big-city focused REITs will survive the pandemic and even go on to thrive again.

Other stocks mentioned: STAG
Seeking Alpha - 6 months ago

City Office REIT, Inc. (CIO) CEO Jamie Farrar on Q2 2020 Results - Earnings Call Transcript

Zacks Investment Research - 6 months ago

City Office REIT (CIO) delivered FFO and revenue surprises of 7.41% and 1.44%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 7 months ago

Is City Office REIT(CIO) a great pick from the value investor's perspective right now? Read on to know more.

Zacks Investment Research - 7 months ago

City Office REIT (CIO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Zacks Investment Research - 7 months ago

The work-from-home boom triggered by the coronavirus pandemic is creating uncertainties as well as solid prospects for office REITs.

Other stocks mentioned: CUZ, HIW, OFC
Zacks Investment Research - 7 months ago

Top Ranked Income Stocks to Buy for July 6th

Other stocks mentioned: BBL, BGS
Zacks Investment Research - 8 months ago

Top Ranked Income Stocks to Buy for June 12th

Other stocks mentioned: AB, BGS, EVA
Seeking Alpha - 8 months ago

When Life Gives You Lemons

Other stocks mentioned: LMRK
Zacks Investment Research - 8 months ago

Top Ranked Income Stocks to Buy for June 5th

Other stocks mentioned: EVA, MMLP, SACH
Zacks Investment Research - 8 months ago

Top Ranked Income Stocks to Buy for June 3rd

Other stocks mentioned: BGS, FRO, MMLP
Seeking Alpha - 9 months ago

City Office REIT's (CIO) CEO Jamie Farrar on Q1 2020 Results - Earnings Call Transcript

Zacks Investment Research - 9 months ago

City Office REIT (CIO) delivered FFO and revenue surprises of 0.00% and 1.97%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Seeking Alpha - 11 months ago

City Office REIT, Inc. (CIO) CEO Jamie Farrar on Q4 2019 Results - Earnings Call Transcript

Zacks Investment Research - 11 months ago

City Office REIT (CIO) delivered FFO and revenue surprises of -3.85% and -3.51%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Seeking Alpha - 1 year ago

7 Lucky High-Yielding REITs For 2020

Other stocks mentioned: BRMK, CXW, IRM, PK, PLYM, SKT
Seeking Alpha - 1 year ago

The Top 10 REIT SWAN-A-Bees For 2020

Other stocks mentioned: BPY, CONE, DOC, EXR, IRM, MNR, PK, PLYM, VICI
Seeking Alpha - 1 year ago

City Office REIT, Inc. (CIO) CEO Jamie Farrar on Q3 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

City Office REIT (CIO) delivered FFO and revenue surprises of -6.45% and -1.04%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 1 year ago

Capital improvements at City Office REIT's (CIO) properties expected to have helped the company witness occupancy gains and higher rents in Q3.

InvestorPlace - 1 year ago

These seven REITs to buy would likely offer a more lucrative, stable investment than taking a position in a prospective WeWork stock.

Other stocks mentioned: BXP, COR, DEA, DLR, HIW, HPP
Seeking Alpha - 1 year ago

We’ve been overweight technology-based REITs for quite some time. That’s because we recognize that cell towers, data centers, and logistics are the REIT “trifecta” with the best overall returns.

Other stocks mentioned: IRM, QTS, VICI
Zacks Investment Research - 1 year ago

Is (CIO) Outperforming Other Finance Stocks This Year?

Zacks Investment Research - 1 year ago

Q3 earnings season is almost upon us, as the big banks are set to officially kick-off the season in mid-October.

Other stocks mentioned: LHX, NFG
Zacks Investment Research - 1 year ago

Top Ranked Income Stocks to Buy for September 19th

Other stocks mentioned: AJX, OXLC, WDR
Zacks Investment Research - 1 year ago

REITs are great options for income investors. With the yield on the 10-year U.S.

Other stocks mentioned: ILPT, SAFE
Seeking Alpha - 1 year ago

CIO is the smallest office REIT that has consistently outperformed its peers since it went public in 2014.

Zacks Investment Research - 1 year ago

Does City Office REIT (CIO) have what it takes to be a top stock pick for momentum investors? Let's find out.

Zacks Investment Research - 1 year ago

Here are four stocks with buy rank and strong income characteristics for investors to consider today, September 6th.

Other stocks mentioned: OXLC, WBK, WDR
Zacks Investment Research - 1 year ago

City Office REIT (CIO) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Zacks Investment Research - 1 year ago

CIO vs. VTR: Which Stock Is the Better Value Option?

Other stocks mentioned: VTR

About CIO

City Office REIT (NYSE: CIO) invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the Southern and Western United States. At September 30, 2020, CIO owned office complexes comprising 5.8 million square feet of net rentable area (NRA).

Industry
REIT-Office
IPO Date
Apr 15, 2014
CEO
James Farrar
Employees
20
Stock Exchange
NYSE
Ticker Symbol
CIO
Full Company Profile

Financial Performance

In 2019, CIO's revenue was $156.30 million, an increase of 20.71% compared to the previous year's $129.48 million. Earnings were $1.80 million, a decrease of -95.29%.

Financial Statements

Analyst Forecasts

According to 7 analysts, the average rating for CIO stock is "Buy." The 12-month stock price forecast is 10.71, which is a decrease of -0.09% from the latest price.

Price Target
$10.71
(-0.09% downside)
Analyst Consensus: Buy