City Office REIT found using ticker (CIO) now have 5 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 14 and 8.5 with a mean TP of 11.3. With the stocks previous close at 9.66 this would imply there is a potential upside of 17.0%. The 50 day MA is 9.17 and the 200 day MA is 11.54. The market cap for the company is $378m. You can visit the company’s website by visiting: https://www.cityofficereit.com
The potential market cap would be $442m based on the market concensus.
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).
