City Office REIT stock has undergone multiple analysts rating changes in the recent past. City Office REIT stock Target Raised by Deutsche Bank Aktiengesellschaft on 10/12/2021. In a note to investors, the firm issued a new target price of $19.00. The analysts previously had $13.00 target price. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 3.83% from the stock’s previous close.
Shares of City Office REIT traded up $0.25 on monday, reaching $18.55. 14242 shares of the stock traded hands, compared to its average volume of 554802. On monday, Shares of City Office REIT closed at $18.55. The firm’s 50 day moving average is $15.93 and its 200 day moving average is $12.30.City Office REIT has a 12 month low of $6.12 and a 12 month high of $18.56. While on yearly highs and lows, City Office REIT today has traded high as $18.55 and has touched $18.31 on the downward trend.
City Office REIT Earnings and What to expect:
City Office REIT has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 4th, 2021 based off prior year’s report dates.
Earnings for City Office REIT are expected to decrease by -1.46% in the coming year, from $1.37 to $1.35 per share. The P/E ratio of City Office REIT is 17.26, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.29. The P/E ratio of City Office REIT is 17.26, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 13.75. City Office REIT has a PEG Ratio of 2.22. PEG Ratios above 1 indicate that a company could be overvalued. City Office REIT has a P/B Ratio of 2.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
City Office REIT (NYSE:CIO) Moving Average Technical Analysis
5 day Moving Average is $$18.29 And 5 day price change is -$0.20 (-1.08%) with average volume for 5 day average is 247,640. While technical analysis for average 20 days shows significant difference, 20 day moving average is $17.75 and 20 day price change is $1.63 (9.78%) and average 20 day moving volume is 425,930. 50 day moving average is $15.93 and 50 day price change is $5.43 ( 42.19%) and with average volume for 50 days is : 542,786. 200 day moving average is $12.30 and 200 day price change is $9.03 (97.41%) and with average volume for 200 days is : 302,846.
Other owners latest trading in City Office REIT :
- On 10/7/2021 shares held by State of Alaska Department of Revenue were 22,058 which equates to market value of $0.39M and appx 0.00% owners of City Office REIT
- On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 50,897 which equates to market value of $0.63M and appx 0.00% owners of City Office REIT
- On 8/23/2021 shares held by Morgan Stanley were 80,687 which equates to market value of $1M and appx 0.00% owners of City Office REIT
- In total Institutional ownership equates to Institutional Ownership Percentage: 71.86% for City Office REIT
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