City Office REIT found using ticker (CIO) have now 6 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 24 and 19 with a mean TP of 21.83. Given that the stocks previous close was at 18.13 this would imply there is a potential upside of 20.4%. The 50 day MA is 18.6 while the 200 day moving average is 15.96. The company has a market capitalisation of $776m. You can visit the company’s website by visiting: https://www.cityofficereit.com
The potential market cap would be $934m 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 (ÂNRAÂ).
