City Office REIT, Inc. with ticker code (CIO) have now 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 14 and 8.5 calculating the mean target price we have 11.3. Given that the stocks previous close was at 9.32 this now indicates there is a potential upside of 21.2%. The 50 day moving average now sits at 9.13 while the 200 day moving average is 11.12. The company has a market cap of $365m. Visit the company website at: https://www.cityofficereit.com
The potential market cap would be $442m based on the market concensus.
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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).