ValuEngine upgraded shares of City Office REIT (NYSE:CIO) from a hold rating to a buy rating in a report published on Friday.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of City Office REIT from a sell rating to a hold rating in a research note on Wednesday, November 15th. B. Riley reaffirmed a buy rating and issued a $14.50 price target on shares of City Office REIT in a research note on Tuesday, November 7th. Finally, FBR & Co reissued a buy rating on shares of City Office REIT in a research note on Friday, October 6th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $14.50.
City Office REIT (NYSE:CIO) opened at $12.95 on Friday. The firm has a market cap of $394.92, a PE ratio of 14.66, a P/E/G ratio of 1.52 and a beta of 0.22. City Office REIT has a 12 month low of $11.43 and a 12 month high of $13.93. The company has a quick ratio of 3.94, a current ratio of 3.94 and a debt-to-equity ratio of 2.80.
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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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