City Office REIT (NYSE:CIO) was downgraded by equities research analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research note issued on Wednesday, Marketbeat Ratings reports.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of City Office REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. B. Riley reiterated a “buy” rating and set a $14.50 target price on shares of City Office REIT in a research report on Tuesday, November 7th. FBR & Co reiterated a “buy” rating on shares of City Office REIT in a research report on Friday, October 6th. Finally, ValuEngine upgraded shares of City Office REIT from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $14.75.
Shares of City Office REIT (CIO) traded down $0.23 during trading on Wednesday, hitting $12.40. 625,363 shares of the company were exchanged, compared to its average volume of 334,091. The firm has a market cap of $437.25, a PE ratio of -72.94, a P/E/G ratio of 1.39 and a beta of 0.22. The company has a quick ratio of 3.94, a current ratio of 3.94 and a debt-to-equity ratio of 2.80. City Office REIT has a 1-year low of $11.43 and a 1-year high of $13.93.
City Office REIT Company Profile
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.
What are top analysts saying about City Office REIT? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for City Office REIT and related companies.