City Office REIT (CIO) Upgraded to “Buy” at ValuEngine
City Office REIT (NYSE:CIO) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.
CIO has been the subject of a number of other research reports. Zacks Investment Research downgraded City Office REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. FBR & Co reissued a “buy” rating on shares of City Office REIT in a research note on Friday, October 6th. Finally, B. Riley reissued a “buy” rating and set a $14.50 target price on shares of City Office REIT in a research note on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $14.50.
Shares of City Office REIT (CIO) traded down $0.19 during trading hours on Friday, hitting $13.05. The stock had a trading volume of 128,368 shares, compared to its average volume of 145,963. City Office REIT has a one year low of $11.43 and a one year high of $13.93. The firm has a market cap of $394.92, a P/E ratio of 14.66, a PEG ratio of 1.52 and a beta of 0.22. The company has a debt-to-equity ratio of 2.80, a current ratio of 3.94 and a quick ratio of 3.94.
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About City Office REIT
City Office REIT, Inc is a real estate investment trust. The Company is focused on acquiring, owning and operating office properties located primarily in metropolitan areas in the Southern and Western United States. It conducts its operations primarily through City Office REIT Operating Partnership, L.P.
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