CIO Stock Summary and Trading Ideas (City Office REIT | NYSE:CIO)

City Office REIT Inc is a real estate investment trust. It is focused on acquiring, owning, and operating high-quality office properties located predominantly in Sun Belt markets. The company owns office buildings in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle, and Tampa.

City Office REIT trades on the NYSE stock market under the symbol CIO.

As of April 19, 2024, CIO stock price climbed to $4.55 with 25,538 million shares trading.

CIO has a beta of 2.53, meaning it tends to be more sensitive to market movements. CIO has a correlation of 0.28 to the broad based SPY ETF.

CIO has a market cap of $182.70 million. This is considered a Micro Cap stock.

In the last 3 years, CIO stock traded as high as $21.70 and as low as $3.46.

The top ETF exchange traded funds that CIO belongs to (by Net Assets): VNQ, VTI, IWM, VXF, IWN.

CIO has underperformed the market in the last year with a return of -19.5%, while the SPY ETF gained +22.0%. In the last 3 month period, CIO fell short of the market, returning -17.1%, while SPY returned +5.0%. However, in the most recent 2 weeks CIO has outperformed the stock market by returning -0.4%, while SPY returned -2.8%.

CIO support price is $4.30 and resistance is $4.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CIO stock will trade within this expected range on the day.