City Office REIT, Inc. with ticker code (CIO) have now 5 confirmed 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 12 and 7.5 suggesting an average Analsyt target price of $9.60. Given that the stocks previous close was at $6.09 this now indicates there is a potential upside of 57.6%. Also worth taking note is the 50 day moving average now sits at $7.77 and the 200 day MA is $9.99. The company has a market cap of $253m. Company Website: https://www.cityofficereit.com
The potential market cap would be $399m 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 13.14% with the ex dividend date set at 10-4-2023 (DMY).
Other points of data to note are a P/E ratio of 28.82, revenue per share of 4.29 and a 1.44% return on assets.
