City Office REIT with ticker code (CIO) now have 6 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 24 and 19 calculating the average target price we see 21.83. Given that the stocks previous close was at 17.65 this would imply there is a potential upside of 23.7%. The 50 day moving average now sits at 18.56 while the 200 day moving average is 15.82. The market capitalisation for the company is $768m. You can visit the company’s website by visiting: https://www.cityofficereit.com
The potential market cap would be $950m 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).
