City Office REIT Inc. (CIO) Shares Decline by -8.86% to Close at $4.63

As of close of business last night, City Office REIT Inc.’s stock clocked out at $4.63, down -8.86% from its previous closing price of $5.08. In other words, the price has decreased by -$0.4500 from its previous closing price. On the day, 590244 shares were traded. CIO stock price reached its highest trading level at $5.0800 during the session, while it also had its lowest trading level at $4.5700.

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To gain a deeper understanding of CIO’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.91. In the meantime, Its Debt-to-Equity ratio is 1.05 whereas as Long-Term Debt/Eq ratio is at 1.05.

Upgrades & Downgrades

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CIO now has a Market Capitalization of 206.88M and an Enterprise Value of 980.79M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.00 while its Price-to-Book (P/B) ratio in mrq is 0.27. Its current Enterprise Value per Revenue stands at 5.40 whereas that against EBITDA is 11.70.

Stock Price History:

Over the past 52 weeks, CIO has reached a high of $14.10, while it has fallen to a 52-week low of $4.03. The 50-Day Moving Average of the stock is 5.8340, while the 200-Day Moving Average is calculated to be 8.9093.

Shares Statistics:

It appears that CIO traded 503.21K shares on average per day over the past three months and 1.02M shares per day over the past ten days. A total of 39.87M shares are outstanding, with a floating share count of 38.49M. Insiders hold about 0.10% of the company’s shares, while institutions hold 78.90% stake in the company. Shares short for CIO as of Apr 27, 2023 were 669.8k with a Short Ratio of 0.67M, compared to 512.83k on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.68% and a Short% of Float of 1.94%.

Dividends & Splits

With its trailing 12-month dividend rate of 0.80, CIO has a forward annual dividend rate of 0.40. Against a Trailing Annual Dividend Yield of 15.75%, it implies a Forward Annual Dividend Yield of 7.87%. The stock’s 5-year Average Dividend Yield is 7.19.

Earnings Estimates

As of right now, 3 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.09, while EPS last year was $0.02. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.05 and low estimates of -$0.08.

Analysts are recommending an EPS of between -$0.17 and -$0.3 for the fiscal current year, implying an average EPS of -$0.22. EPS for the following year is -$0.11, with 2 analysts recommending between -$0.11 and -$0.12.

Revenue Estimates

In the current quarter, 5 analysts expect revenue to total $44.33M. It ranges from a high estimate of $45.88M to a low estimate of $42.13M. As of the current estimate, City Office REIT Inc.’s year-ago sales were $45.5M, an estimated decrease of -2.60% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $43.98M, a decrease of -3.40% less than the figure of -$2.60% in the same quarter last year. There is a high estimate of $45.96M for the next quarter, whereas the lowest estimate is $41.36M.

A total of 5 analysts have provided revenue estimates for CIO’s current fiscal year. The highest revenue estimate was $183.83M, while the lowest revenue estimate was $171.12M, resulting in an average revenue estimate of $177.88M. In the same quarter a year ago, actual revenue was $180.49M, down -1.40% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $181.19M in the next fiscal year. The high estimate is $187.41M and the low estimate is $168.19M. The average revenue growth estimate for next year is up 1.90% from the average revenue estimate for this year.