City Office REIT with ticker code (CIO) now have 6 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 18 and 14 and has a mean target at 15.5. Now with the previous closing price of 12.12 this indicates there is a potential upside of 27.9%. The 50 day MA is 12.95 while the 200 day moving average is 15.82. The company has a market capitalisation of $502m. Visit the company website at: https://www.cityofficereit.com
The potential market cap would be $642m 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).
