City Office REIT (CIO) Announces Quarterly Results
City Office REIT (NYSE:CIO) released its earnings data on Thursday. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.03, American Banking & Market News reports.
Several analysts have recently commented on the stock. Analysts at Compass Point initiated coverage on shares of City Office REIT in a research note on Friday, June 6th. They set a “buy” rating and a $15.50 price target on the stock. Analysts at Wunderlich initiated coverage on shares of City Office REIT in a research note on Friday, May 16th. They set a “buy” rating and a $16.00 price target on the stock.
City Office REIT (NYSE:CIO) opened at 12.49 on Thursday. City Office REIT has a one year low of $11.91 and a one year high of $13.12. The stock has a 50-day moving average of $12.6 and a 200-day moving average of $12.56.
City Office REIT, Inc is formed to acquire, own and operate office properties located within its specified target markets in the United States.
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