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 18 and 14 calculating the mean target price we have 15.17. With the stocks previous close at 11.59 this indicates there is a potential upside of 30.9%. The 50 day MA is 12.8 and the 200 day moving average is 15.54. The company has a market cap of $487m. You can visit the company’s website by visiting: https://www.cityofficereit.com
The potential market cap would be $638m 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).
