City Office REIT with ticker code (CIO) now have 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 20 and 14 and has a mean target at 17.5. With the stocks previous close at 12.43 this would indicate that there is a potential upside of 40.8%. There is a 50 day moving average of 14.74 and the 200 moving average now moves to 17.17. The company has a market cap of $492m. You can visit the company’s website by visiting: https://www.cityofficereit.com
The potential market cap would be $692m 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).
