The closing price of City Office REIT Inc (NYSE: CIO) was $4.33 for the day, up 2.61% from the previous closing price of $4.22. In other words, the price has increased by $+0.1100 from its previous closing price. On the day, 609433 shares were traded.
Ratios:
Our analysis of CIO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.04. 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 173.87M and an Enterprise Value of 925.30M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.97 while its Price-to-Book (P/B) ratio in mrq is 0.26. Its current Enterprise Value per Revenue stands at 5.17 whereas that against EBITDA is 9.97.
Stock Price History:
Over the past 52 weeks, CIO has reached a high of $6.70, while it has fallen to a 52-week low of $3.45. The 50-Day Moving Average of the stock is 4.9210, while the 200-Day Moving Average is calculated to be 4.9890.
Shares Statistics:
CIO traded an average of 275.57K shares per day over the past three months and 262.34k shares per day over the past ten days. A total of 39.94M shares are outstanding, with a floating share count of 38.56M. Insiders hold about 3.97% of the company’s shares, while institutions hold 70.32% stake in the company. Shares short for CIO as of Feb 29, 2024 were 468.99k with a Short Ratio of 1.70, compared to 362.34k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.17% and a Short% of Float of 1.35%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.50, CIO has a forward annual dividend rate of 0.10. Against a Trailing Annual Dividend Yield of 11.85%, it implies a Forward Annual Dividend Yield of 9.24%. The stock’s 5-year Average Dividend Yield is 8.08.
Earnings Estimates
The firm’s stock currently is rated by 2 analysts. On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.13, while EPS last year was -$0.03. The consensus estimate for the next quarter is -$0.13, with high estimates of -$0.13 and low estimates of -$0.14.
Analysts are recommending an EPS of between -$0.53 and -$0.56 for the fiscal current year, implying an average EPS of -$0.54. EPS for the following year is -$0.49, with 2 analysts recommending between -$0.44 and -$0.55.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $44.28M to a low estimate of $41.93M. As of the current estimate, City Office REIT Inc’s year-ago sales were $45.96M, an estimated decrease of -5.70% 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 $176.93M, while the lowest revenue estimate was $170.05M, resulting in an average revenue estimate of $173.59M. In the same quarter a year ago, actual revenue was $179.1M, down -3.10% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $175.66M in the next fiscal year. The high estimate is $179.37M and the low estimate is $172.78M. The average revenue growth estimate for next year is up 1.20% from the average revenue estimate for this year.
