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City Office REIT Reports First Quarter 2024 Results
PRNewswire (Fri, 3-May 6:00 AM ET)
City Office REIT Announces First Quarter 2024 Earnings Release and Conference Call
PRNewswire (Sat, 6-Apr 1:06 AM ET)
PRNewswire (Tue, 19-Mar 11:28 AM ET)
City Office REIT Announces Dividends for First Quarter 2024
PRNewswire (Fri, 15-Mar 4:05 PM ET)
City Office REIT Reports Fourth Quarter and Full Year 2023 Results
PRNewswire (Thu, 22-Feb 6:13 AM ET)
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 principal objective of the company is to provide attractive risk-adjusted returns to its investors over the long-term through a combination of dividends and capital appreciation. 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 May 21, 2024, CIO stock price climbed to $5.08 with 5,849 million shares trading.
CIO has a beta of 2.02, meaning it tends to be more sensitive to market movements. CIO has a correlation of 0.25 to the broad based SPY ETF.
CIO has a market cap of $203.98 million. This is considered a Small Cap stock.
Last quarter City Office REIT reported $44 million in Revenue and $.33 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.02.
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 stock has underperformed the market in the last year with a return of +15.1%, while SPY returned +28.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CIO shares. However, CIO has outperformed the market in the last 3 month and 2 week periods, returning +12.1% and +4.3%, while SPY returned +6.9% and +2.5%, respectively. This indicates CIO has been having a stronger performance recently.
CIO support price is $4.89 and resistance is $5.16 (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.