City Office REIT Inc.’s stock (CIO) continues to rise above its goal

Currently, City Office REIT Inc. [CIO] is trading at $9.91, down -0.60%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CIO shares have gain 4.43% over the last week, with a monthly amount drifted -4.53%, and not seem to be holding up well over a long-time horizon.

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On 7, November 2022, City Office REIT Reports Third Quarter 2022 Results. In a post published today on Yahoo Finance, City Office REIT, Inc. (NYSE: CIO) (the “Company,” “City Office,” “we” or “our”) today announced its results for the quarter ended September 30, 2022.

From an analyst’s perspective:

City Office REIT Inc. [NYSE: CIO] stock has seen the most recent analyst activity on November 19, 2021, when RBC Capital Mkts downgraded its rating to a Sector Perform but kept the price target unchanged to $19 for it. Previously, Raymond James downgraded its rating to Mkt Perform on March 27, 2020. On March 26, 2020, downgrade downgraded it’s rating to Neutral but maintained its price target of $9 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $15 on January 07, 2020. JMP Securities initiated its recommendation with a Mkt Outperform and recommended $14 as its price target on October 09, 2018. Deutsche Bank downgraded its rating to Hold for this stock on January 10, 2018, and downed its price target to $13.

This stock has fluctuated between a low of $9.05 and a high of $21.70 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $12.50 within the next 12 months. City Office REIT Inc. [NYSE: CIO] shares were valued at $9.91 at the most recent close of the market. An investor can expect a potential return of 26.14% based on the average CIO price forecast.

Analyzing the CIO fundamentals

Recent quarter sales for City Office REIT Inc. [NYSE:CIO] were 45.52 billion which represents 1.30% growth. Gross Margin for this corporation currently stands at +29.70% with Operating Margin at +20.26%, Pretax Margin comes in at +295.83%, and Net Margin reading is +295.29%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.79 points at the first support level, and at 9.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.00, and for the 2nd resistance point, it is at 10.09.

City Office REIT Inc. [CIO] reported earnings per share of $0.02 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.03/share, meaning a difference of -$0.01 and a surprise factor of -33.30%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.51 per share as compared to estimates of $0.05 per share, a difference of $0.46 representing a surprise of 920.00%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 5.31, the price to book ratio is 1.13 and the P/E (TTM) ratio is 0.97.