As of close of business last night, City Office REIT Inc’s stock clocked out at $4.09, down -8.30% from its previous closing price of $4.46. In other words, the price has decreased by -$0.3700 from its previous closing price. On the day, 501355 shares were traded.
Ratios:
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 3.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.87. In the meantime, Its Debt-to-Equity ratio is 0.89 whereas as Long-Term Debt/Eq ratio is at 0.75.
On November 19, 2021, RBC Capital Mkts Downgraded its rating to Sector Perform which previously was Outperform but kept the price unchanged to $19.
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 178.13M and an Enterprise Value of 1.02B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.92 while its Price-to-Book (P/B) ratio in mrq is 0.25. Its current Enterprise Value per Revenue stands at 5.16 whereas that against EBITDA is 9.96.
Stock Price History:
Over the past 52 weeks, CIO has reached a high of $8.22, while it has fallen to a 52-week low of $3.45. The 50-Day Moving Average of the stock is 5.5874, while the 200-Day Moving Average is calculated to be 5.0171.
Shares Statistics:
It appears that CIO traded 287.15K shares on average per day over the past three months and 251.87k shares per day over the past ten days. A total of 39.94M shares are outstanding, with a floating share count of 38.55M. Insiders hold about 3.99% of the company’s shares, while institutions hold 70.48% stake in the company. Shares short for CIO as of Jan 31, 2024 were 362.34k with a Short Ratio of 1.26, compared to 319.53k on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.91% and a Short% of Float of 1.05%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.50, CIO has a forward annual dividend rate of 0.50. Against a Trailing Annual Dividend Yield of 11.21%, it implies a Forward Annual Dividend Yield of 8.97%. The stock’s 5-year Average Dividend Yield is 8.05.
Earnings Estimates
As of right now, 2 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.04 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.05, while EPS last year was -$0.03. The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.04 and low estimates of -$0.05.
Analysts are recommending an EPS of between -$0.16 and -$0.2 for the fiscal current year, implying an average EPS of -$0.18. EPS for the following year is -$0.15, with 2 analysts recommending between -$0.1 and -$0.21.
Revenue Estimates
In the current quarter, 4 analysts expect revenue to total $44.51M. It ranges from a high estimate of $45.49M to a low estimate of $43.87M. As of the current estimate, City Office REIT Inc’s year-ago sales were $45.96M, an estimated decrease of -3.10% from the year-ago figure.
A total of 4 analysts have provided revenue estimates for CIO’s current fiscal year. The highest revenue estimate was $183.91M, while the lowest revenue estimate was $176.93M, resulting in an average revenue estimate of $178.94M. In the same quarter a year ago, actual revenue was $179.1M, down -0.10% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $182.26M in the next fiscal year. The high estimate is $191.05M and the low estimate is $178.09M. The average revenue growth estimate for next year is up 1.90% from the average revenue estimate for this year.
