Zacks Investment Research downgraded City Office REIT Inc (NYSE:CIO) to Sell in a statement released earlier today.
- Updated: October 5, 2016
Zacks Investment Research has downgraded City Office REIT Inc (NYSE:CIO) to Sell in a report released on 10/05/2016.
Previously on 08/05/2016, Compass Point reported on City Office REIT Inc (NYSE:CIO) increased the target price from $13.00 to $14.50. At the time, this indicated a possible upside of 0.09%.
Yesterday City Office REIT Inc (NYSE:CIO) traded -3.01% lower at $12.24. The company’s 50-day moving average is $12.91 and its 200-day moving average is $12.38. The last closing price is down -1.09% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 347,431 shares of the stock traded hands, up from an average trading volume of 153,949
See Chart Below
City Office REIT Inc has a 52 week low of $10.61 and a 52 week high of $13.93 The company’s market cap is currently $0.
Also covering City Office REIT Inc's target, a total of 5 analysts have released a research note on CIO. The one year target is $13.90 with zero analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero brokerages rating the company a sell.
General Company Details For City Office REIT Inc (NYSE:CIO)
City Office REIT, Inc. is focused on acquiring, owning and operating Class A and B office properties located within its target markets in the United States. The Company operates in the office properties segment. The Company has over 10 primary target markets, which are located in metropolitan areas in the Southern and Western United States. It owns over 10 office complexes consisting of over 30 office buildings with a total area of approximately 3.3 million square feet of net rentable area (NRA) in the metropolitan areas of Boise (Idaho), Denver (Colorado), Portland (Oregon), Tampa (Florida), Allentown (Pennsylvania), Dallas (Texas) and Orlando (FLorida). Approximately 49.1% of the rental revenue from properties is derived from tenants in these markets that are federal or state government agencies or investment grade tenants. Its principal business objective is to provide risk-adjusted returns to investors over the long-term through a combination of dividends and capital appreciation.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.