City Office REIT, Inc. which can be found using ticker (CIO) have now 5 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 12 and 8.5 and has a mean target at $10.10. Given that the stocks previous close was at $6.48 this would indicate that there is a potential upside of 55.9%. There is a 50 day moving average of $8.81 while the 200 day moving average is $10.56. The total market capitalization for the company now stands at $263m. Company Website: https://www.cityofficereit.com
The potential market cap would be $410m based on the market consensus.
City Office REIT, Inc. (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).
The company has a dividend yield of 12.35% with the ex dividend date set at 10-4-2023 (DMY).
Other points of data to note are a P/E ratio of 29.91, revenue per share of 4.29 and a 1.44% return on assets.
