City Office REIT – Consensus Indicates Potential 5.7% Upside

Broker Ratings

City Office REIT with ticker code (CIO) have now 5 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 13 and 8.75 calculating the mean target price we have 11.55. With the stocks previous close at 10.93 this would indicate that there is a potential upside of 5.7%. The 50 day moving average now sits at 10.86 while the 200 day moving average is 9.62. The company has a market cap of $495m. Visit the company website at: http://www.cityofficereit.com

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”).

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