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 15.17. Given that the stocks previous close was at 10.64 this would imply there is a potential upside of 42.6%. The 50 day MA is 12.42 and the 200 day MA is 15.2. The market cap for the company is $421m. You can visit the company’s website by visiting: https://www.cityofficereit.com
The potential market cap would be $600m 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).
