City Office REIT with ticker code (CIO) have now 6 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 20 and 14 with the average target price sitting at 16.5. Now with the previous closing price of 14.1 this indicates there is a potential upside of 17.0%. The 50 day MA is 13 and the 200 moving average now moves to 16.4. The company has a market capitalisation of $612m. Company Website: https://www.cityofficereit.com
The potential market cap would be $716m 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).
