At the time of writing, City Office REIT Inc [CIO] stock is trading at $5.00, up 15.47%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CIO shares have gain 19.05% over the last week, with a monthly amount glided 7.07%, and seem to be holding up well over a long-time horizon.
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On 15, March 2024, City Office REIT Announces Dividends for First Quarter 2024. In a post published today on Yahoo Finance, City Office REIT, Inc. (NYSE: CIO) (“City Office,” “CIO” or the “Company”) announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the first quarter of 2024.
From an analyst’s perspective:
Previously, RBC Capital Mkts downgraded its rating to Sector Perform on November 19, 2021, and kept the price target unchanged to $19. On March 27, 2020, downgrade downgraded it’s rating to Mkt Perform. Compass Point downgraded its rating to a Neutral but stick to its price target of $9 on March 26, 2020. Raymond James upgraded its rating to a Outperform but $15 remained the price target by the analyst firm on January 07, 2020. JMP Securities started tracking with a Mkt Outperform rating for this stock on October 09, 2018, and assigned it a price target of $14. In a note dated January 10, 2018, Deutsche Bank downgraded an Hold rating on this stock and revised its target price from $16 to $13.
For the past year, the stock price of City Office REIT Inc fluctuated between $3.45 and $6.70. Currently, Wall Street analysts expect the stock to reach $15 within the next 12 months. City Office REIT Inc [NYSE: CIO] shares were valued at $5.00 at the most recent close of the market. An investor can expect a potential return of 200.0% based on the average CIO price forecast.
Analyzing the CIO fundamentals
According to City Office REIT Inc [NYSE:CIO], the company’s sales were 179.10M for trailing twelve months, which represents an -0.65% plunge. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.03 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.87.
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 4.55 points at the first support level, and at 4.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.26, and for the 2nd resistance point, it is at 5.51.
City Office REIT Inc [CIO] reported earnings per share of -$0.11 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.05/share, meaning a difference of -$0.06 and a surprise factor of -120.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.05 per share as compared to estimates of -$0.07 per share, a difference of $0.02 representing a surprise of 28.60%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.12, the price to book ratio is 0.30.
Transactions by insiders
Recent insider trading involved Mazan Michael, Director, that happened on Mar 19 ’24 when 39000.0 shares were purchased.
