City Office REIT (CIO) Getting Somewhat Favorable Press Coverage, Study Shows
Headlines about City Office REIT (NYSE:CIO) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. City Office REIT earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 45.7522789069213 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of research firms recently commented on CIO. ValuEngine upgraded City Office REIT from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research upgraded 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 issued a $14.50 target price on shares of City Office REIT in a research report on Tuesday, November 7th. Finally, FBR & Co reiterated a “buy” rating on shares of City Office REIT in a research report on Friday, October 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. City Office REIT currently has a consensus rating of “Buy” and a consensus target price of $14.50.
Shares of City Office REIT (CIO) opened at $13.05 on Monday. City Office REIT has a 52-week low of $11.43 and a 52-week high of $13.93. The company has a debt-to-equity ratio of 2.80, a quick ratio of 3.94 and a current ratio of 3.94. The stock has a market capitalization of $394.92, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 1.52 and a beta of 0.22.
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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