CIO

City Office REIT, Inc. [CIO] Stock Forecast

Buy or Sell ? Support and Resistance

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How RSI can help?
RSI : 000

CIO Stock Summary

In the News

07:00 28 Mar 2024 CIO

3 Risky Office REITs (Dumpster Fire Alert)

Some people make decent money dumpster diving, as seen in a Business Insider article about a couple who make up to $3,000 a month selling their trash treasures. The office REIT space is currently under tremendous pressure, reflected in the stock prices of three high-risk office plays: City Office REIT, Orion Office, and Net Lease Office Properties. These stocks offer value for investors willing to take on elevated risks, but caution is warranted due to the challenges facing the office real estate sector.

12:39 28 Mar 2024 CIO

I Went Heavy On Buying City Office REIT's 9.7% Yielding Preferreds

City Office REIT's preferreds are a strong investment with a 9.7% yield on cost and the ability to cover annual preferred payments with core FFO generated in a single quarter. The REIT's lease expirations and debt maturities are well managed, reducing credit risk for the preferreds. The preferreds are currently trading at a discount to their liquidation value and stand to benefit from future Fed rate cuts.

08:25 28 Mar 2024 CIO

City Office REIT (CIO) Q4 FFO Meet Estimates

City Office REIT (CIO) came out with quarterly funds from operations (FFO) of $0.33 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.38 per share a year ago.

09:49 28 Mar 2024 CIO

City Office REIT: Deep Value Or 7.3% Dividend Yield Trap?

City Office REIT is trading at a nearly 70% discount to book value per share at the end of its most recent quarter. The Sun Belt office-focused REIT is currently paying out a 7.3% dividend yield after a series of cuts over the last few years. The quarterly distribution was 150% covered by adjusted FFO which dipped 3 cents year-over-year.

11:20 28 Mar 2024 CIO

Sell Alert: The Slaughter Of Office REITs Is Just Beginning

Office REITs are facing challenges as the hybrid work model becomes more popular, leading to downsizing and increased vacancies. Major companies like Charles Schwab, Johnson & Johnson, Dropbox, and Microsoft have already downsized their office spaces. Office REITs like Boston Properties, Kilroy Realty, City Office REIT, and SL Green are experiencing negative cash spreads and declining occupancy rates, indicating more trouble ahead.

08:00 28 Mar 2024 CIO

Top 12 REITs For The Next 12 Months

REITs are performing well and expected to continue to rise, with potential for a 45% increase in the next 2-3 years. If the Fed reduces the prime rate, REIT yields will become more competitive with bonds and treasuries. REIT balance sheets are in good condition, with low debt ratios and valuations coming back into the low end of their normal range.

09:30 28 Mar 2024 CIO

Cash COWs: 11 High-Yield REITS With Very Safe Dividends

Some high-yielding REITs have unsafe dividends, leading to potential dividend cuts and decline in share value. This article provides a list of 11 cash COW REITs with safe dividends, including companies from the cannabis and office sectors. There is also a list of high-yield REITs with slightly more risk but still considered safe by the Seeking Alpha Quant Ratings system.

01:18 28 Mar 2024 CIO

City Office REIT: A De-Risked 10% Preferred Yield

Since the publication of my initial buy article City Office REIT's preferred shares have performed slightly better than CIO's equity, registering a more balanced ride and a 7% total return. The company's ample liquidity, strong cash retention, and improving fundamentals were the initial factors behind the buy rating for the preferred shares. The most recent Q3 results entail mixed signals. The underlying FFO and occupancy ratio declined and the struggles with WeWork could inflict further damage down the road.

09:00 28 Mar 2024 CIO

Buried Treasures: 10 Dramatically Undervalued REITs Yielding Over 5%

REITs have experienced a significant drop in value due to rising interest rates and inflation. However, with inflation under control and interest rates expected to stabilize or decrease, REITs are poised for a surge. A list of 28 undervalued REITs with a yield of 5% or better is provided, along with 10 additional REITs to consider.

07:55 28 Mar 2024 CIO

City Office REIT: Fortune Favors The Brave

City Office has been left for dead in the unloved REIT sector during late 2023, despite solid FFO generation and a stable future. The valuation setup is at all-time lows on work-from-home fears for office property demand, and rising long-term interest rates. A technical oversold condition, lack of volume selling to confirm new price lows in October, and a large price gain last week on light volume, make the bullish argument.

CIO Financial details

Company Rating
Neutral
Market Cap
193.94M
Income
-22.83M
Revenue
179.1M
Book val./share
19.34
Cash/share
0.75
Dividend
0.5
Dividend %
7.97%
Employees
20
Optionable
No
Shortable
Yes
Earnings
03 May 2024
P/E
-7.81
Forward P/E
-10.36
PEG
0.39
P/S
1.4
P/B
0.32
P/C
6.91
P/FCF
4.34
Quick Ratio
0.36
Current Ratio
0.42
Debt / Equity
0.87
LT Debt / Equity
0.61
-
-
EPS (TTM)
-0.59
EPS next Y
-0.5
EPS next Q
-0.14
EPS this Y
-111.2%
EPS next Y
-16.78%
EPS next 5Y
-47.88%
EPS last 5Y
-35.88%
Revenue last 5Y
2.76%
Revenue Q/Q
0.24%
EPS Q/Q
5963.64%
-
-
-
-
SMA20
25%
SMA50
-16.67%
SMA100
25%
Inst Own
54.75%
Inst Trans
0.78%
ROA
-2%
ROE
-4%
ROC
0.03%
Gross Margin
61%
Oper. Margin
19%
Profit Margin
-18%
Payout
-110%
Shs Outstand
40.15M
Shs Float
38.52M
-
-
-
-
Target Price
15
52W Range
3.455-7.125
52W High
-26%
52W Low
+72.67%
RSI
62
Rel Volume
0.92
Avg Volume
281.41K
Volume
258K
Perf Week
19.63%
Perf Month
8.14%
Perf Quarter
36.32%
Perf Half Y
22.46%
-
-
-
-
Beta
1.798
-
-
Volatility
0.11%, 0.32%
Prev Close
2.98%
Price
5.18
Change
1.17%

CIO Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2023-12-31

Metric History 2019-12-312020-12-312021-12-312022-12-31 2023-12-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
3.613.413.774.294.49
Net income per share
-0.62-0.4611.140.6-0.07
Operating cash flow per share
1.141.271.682.541.43
Free cash flow per share
1.051.11.52.311.31
Cash per share
1.640.540.490.670.75
Book value per share
12.678.8319.9919.0919.34
Tangible book value per share
11.147.9118.4317.7818.29
Share holders equity per share
12.678.8319.9919.0919.34
Interest debt per share
14.8414.918.8321.7917.57
Market cap
584.69M461.37M857.78M352.4M243.92M
Enterprise value
1.12B1.11B1.49B1.21B883.35M
P/E ratio
-21.98-21.131.7713.98-90.95
Price to sales ratio
3.742.875.231.951.36
POCF ratio
11.817.711.713.34.26
PFCF ratio
12.838.8513.193.634.65
P/B Ratio
1.071.110.990.440.32
PTB ratio
1.071.110.990.440.32
EV to sales
7.186.929.086.734.93
Enterprise value over EBITDA
12.9612.316.712.439.5
EV to operating cash flow
22.6618.5820.3511.3915.44
EV to free cash flow
24.6221.3622.9112.5116.85
Earnings yield
-0.05-0.050.560.07-0.01
Free cash flow yield
0.080.110.080.280.21
Debt to equity
1.121.620.911.110.87
Debt to assets
0.50.590.50.570.44
Net debt to EBITDA
6.27.27.098.826.88
Current ratio
3.51.151.881.980.41
Interest coverage
1.011.191.431.370.98
Income quality
20.2711.680.156.28-28.12
Dividend Yield
0.080.090.040.120.13
Payout ratio
-1.81-1.890.071.64-11.68
Sales general and administrative to revenue
0.070.070.090.080.08
Research and developement to revenue
00000
Intangibles to total assets
0.050.040.040.040.03
Capex to operating cash flow
-0.08-0.13-0.11-0.09-0.08
Capex to revenue
-0.03-0.05-0.05-0.05-0.03
Capex to depreciation
-0.07-0.13-0.14-0.15-0.08
Stock based compensation to revenue
0.010.010.020.020.02
Graham number
13.249.5870.7816.055.41
ROIC
-0.27-0.120.020.030.36
Return on tangible assets
-0.02-0.020.320.020
Graham Net
-13.52-13.06-14.71-15.63-15.37
Working capital
88.7M16.73M33.98M43.79M-139.9M
Tangible asset value
481.6M373.73M801.67M747.74M730.2M
Net current asset value
-555.19M-614.44M-658.24M-682.57M-641.9M
Invested capital
1.121.620.911.110.87
Average receivables
29.1M32.54M31.69M37.42M48.94M
Average payables
27.34M27.1M26.26M31.43M17.88M
Average inventory
-350K72.46M119.62M99.2M107.46M
Days sales outstanding
74.9974.8267.6889.85108.94
Days payables outstanding
183.32159.08170.53192.650
Days of inventory on hand
-4.46911.49589.15564.51574.41
Receivables turnover
4.874.885.394.063.35
Payables turnover
1.992.292.141.890
Inventory turnover
-81.880.40.620.650.64
ROE
-0.05-0.050.560.030
Capex per share
-0.09-0.16-0.19-0.23-0.12

Quarterly Fundamentals Overview

Last date of statement is 2023-12-31 for Q4

Metric History 2022-12-312023-03-312023-06-302023-09-30 2023-12-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
1.151.21.121.161.11
Net income per share
-0.31-0.51-0.020-0.07
Operating cash flow per share
0.250.360.340.540.23
Free cash flow per share
0.20.330.320.50.19
Cash per share
0.730.931.050.970.75
Book value per share
20.6520.6219.7420.6619.34
Tangible book value per share
19.2419.2618.519.4218.29
Share holders equity per share
20.6520.6219.7420.6619.34
Interest debt per share
23.123.3617.1917.8816.97
Market cap
325.75M264.73M222.45M161.33M243.92M
Enterprise value
1.19B937.36M862.48M795.41M883.35M
P/E ratio
-6.84-3.4-81.78-937.97-22.9
Price to sales ratio
7.35.764.993.655.5
POCF ratio
34.219.0716.247.8426.94
PFCF ratio
42.5420.6117.378.4731.57
P/B Ratio
0.410.330.280.210.32
PTB ratio
0.410.330.280.210.32
EV to sales
26.6320.419.3417.9919.93
Enterprise value over EBITDA
49.338.336.8735.0338.85
EV to operating cash flow
124.7467.5262.9638.6497.56
EV to free cash flow
155.1572.9767.3341.78114.33
Earnings yield
-0.04-0.0700-0.01
Free cash flow yield
0.020.050.060.120.03
Debt to equity
1.111.140.860.860.87
Debt to assets
0.570.570.440.440.44
Net debt to EBITDA
35.7827.4927.3627.9328.12
Current ratio
1.982.170.420.420.41
Interest coverage
1.16-1.150.991.060.73
Income quality
-0.7719.72-26.55158.35-3.59
Dividend Yield
0.030.040.040.040.02
Payout ratio
-0.82-0.5-14.47-136.02-2.2
Sales general and administrative to revenue
0.070.080.080.080.09
Research and developement to revenue
00000
Intangibles to total assets
0.040.030.030.030.03
Capex to operating cash flow
-0.2-0.07-0.06-0.08-0.15
Capex to revenue
-0.04-0.02-0.02-0.03-0.03
Capex to depreciation
-0.12-0.07-0.06-0.11-0.08
Stock based compensation to revenue
0.020.020.020.020.02
Graham number
11.9315.332.750.735.39
ROIC
00.090.090.1-0.03
Return on tangible assets
-0.01-0.01000
Graham Net
-16.91-18.6-16.82-17.72-15.37
Working capital
43.79M53.42M-142.67M-142.32M-139.9M
Tangible asset value
747.74M738.83M739.01M737.16M730.2M
Net current asset value
-682.57M-685.36M-646.93M-644.42M-641.9M
Invested capital
1.111.140.860.860.87
Average receivables
42.06M45.59M47.86M49.99M52.23M
Average payables
36.92M32.64M30.08M34.28M18.97M
Average inventory
50.98M52.38M-1.86M-1.86M55.08M
Days sales outstanding
89.6391.5798.81103.84108.55
Days payables outstanding
189.25149.97159.82193.530
Days of inventory on hand
554.550-19.440570.2
Receivables turnover
10.980.910.870.83
Payables turnover
0.480.60.560.470
Inventory turnover
0.1617.72M-4.6317.64M0.16
ROE
-0.01-0.02000
Capex per share
-0.05-0.03-0.02-0.04-0.03

CIO Frequently Asked Questions

What is City Office REIT, Inc. stock symbol ?

City Office REIT, Inc. is a US stock , located in Dallas of Tx and trading under the symbol CIO

Is City Office REIT, Inc. buy or a sell ?

1 stock analysts have 1 predictions with a medium analyst target price of $15. The lowest prediction is $15 and the highest is $15

What is CIO stock prediction ?

What is City Office REIT, Inc. stock quote today ?

City Office REIT, Inc. stock price is $5.18 today.

Is City Office REIT, Inc. stock public?

Yes, City Office REIT, Inc. is a publicly traded company.

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