City Office REIT (CIO) Stock Forecast, Price Target & Predictions
CIO Stock Forecast
City Office REIT stock forecast is as follows: an average price target of $15.00 (represents a 171.74% upside from CIO’s last price of $5.52) and a rating consensus of 'Hold', based on 2 wall street analysts offering a 1-year stock forecast.
CIO Price Target
The average price target for City Office REIT (CIO) is $15.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $15.00 to $15.00. This represents a potential 171.74% upside from CIO's last price of $5.52.
CIO Analyst Ratings
According to 2 Wall Street analysts, City Office REIT's rating consensus is 'Hold'. The analyst rating breakdown for CIO stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 2 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
City Office REIT Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 20, 2022 | Deutsche Bank | $15.00 | $13.27 | 13.04% | 171.74% |
The latest City Office REIT stock forecast, released on Jul 20, 2022 by Deutsche Bank company, set a price target of $15.00, which represents a 13.04% increase from the stock price at the time of the forecast ($13.27), and a 171.74% increase from CIO last price ($5.52).
City Office REIT Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $5.52 | $5.52 | $5.52 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of City Office REIT stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to City Office REIT's last price of $5.52. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 20, 2022 | Deutsche Bank | Hold | Hold | Hold |
| Apr 26, 2022 | Zacks Investment Research | Hold | Downgrade |
City Office REIT's last stock rating was published by Deutsche Bank on Jul 20, 2022. The company gave CIO a "Hold" rating, the same as its previous rate.
City Office REIT Financial Forecast
City Office REIT Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $44.32M | $44.21M | $44.60M | $45.96M | $44.61M | $45.52M | $45.50M | $44.85M | $39.67M | $44.89M | $39.96M | $39.52M | $39.84M | $41.26M | $39.62M | $40.12M | $39.06M | $38.95M |
| Avg Forecast | $45.09M | $44.80M | $44.53M | $44.27M | $43.39M | $43.16M | $42.95M | $42.83M | $42.79M | $42.28M | $43.17M | $43.36M | $44.30M | $43.98M | $44.32M | $44.26M | $45.12M | $44.57M | $44.31M | $43.26M | $40.96M | $41.14M | $38.82M | $39.02M | $40.28M | $39.81M | $39.44M | $39.72M | $40.28M | $39.42M |
| High Forecast | $45.51M | $45.22M | $44.94M | $44.68M | $43.79M | $43.56M | $43.35M | $42.94M | $42.98M | $42.40M | $43.17M | $43.76M | $45.00M | $44.47M | $44.73M | $44.67M | $45.64M | $44.57M | $44.31M | $43.26M | $40.96M | $41.14M | $38.82M | $39.02M | $40.28M | $39.81M | $39.44M | $39.72M | $40.28M | $39.42M |
| Low Forecast | $44.40M | $44.12M | $43.85M | $43.60M | $42.73M | $42.51M | $42.29M | $42.72M | $42.61M | $42.17M | $43.17M | $42.70M | $43.61M | $43.11M | $43.64M | $43.59M | $44.28M | $44.57M | $44.31M | $43.26M | $40.96M | $41.14M | $38.82M | $39.02M | $40.28M | $39.81M | $39.44M | $39.72M | $40.28M | $39.42M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 9 | 12 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.01% | 1.01% | 1.04% | 0.99% | 1.02% | 1.03% | 1.04% | 0.97% | 1.09% | 1.03% | 1.01% | 0.99% | 1.04% | 1.00% | 1.01% | 0.97% | 0.99% |
City Office REIT's average Quarter revenue forecast for Mar 24 based on 1 analysts is $43.36M, with a low forecast of $42.70M, and a high forecast of $43.76M. CIO's average Quarter revenue forecast represents a -2.17% decrease compared to the company's last Quarter revenue of $44.32M (Dec 23).
City Office REIT EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 9 | 12 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $-36.76M | $23.04M | $23.69M | $24.47M | $24.10M | $24.30M | $24.76M | $24.66M | $451.80M | $21.45M | $22.25M | $69.47M | $22.11M | $24.70M | $22.32M | $22.14M | $24.32M | $21.30M |
| Avg Forecast | $24.83M | $24.67M | $24.52M | $24.38M | $23.89M | $23.77M | $23.65M | $23.59M | $23.57M | $23.28M | $23.77M | $23.88M | $24.39M | $24.22M | $24.40M | $24.37M | $24.85M | $24.26M | $24.12M | $23.54M | $22.29M | $22.39M | $21.13M | $21.23M | $21.92M | $21.66M | $21.47M | $22.46M | $21.92M | $21.46M |
| High Forecast | $25.06M | $24.90M | $24.75M | $24.61M | $24.11M | $23.99M | $23.87M | $23.65M | $23.67M | $23.35M | $23.77M | $24.10M | $24.78M | $24.49M | $24.63M | $24.60M | $25.13M | $24.26M | $24.12M | $23.54M | $22.29M | $22.39M | $21.13M | $21.23M | $21.92M | $21.66M | $21.47M | $26.96M | $21.92M | $21.46M |
| Low Forecast | $24.45M | $24.29M | $24.15M | $24.01M | $23.53M | $23.41M | $23.29M | $23.53M | $23.46M | $23.22M | $23.77M | $23.51M | $24.02M | $23.74M | $24.03M | $24.00M | $24.38M | $24.26M | $24.12M | $23.54M | $22.29M | $22.39M | $21.13M | $21.23M | $21.92M | $21.66M | $21.47M | $17.97M | $21.92M | $21.46M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -1.51% | 0.95% | 0.97% | 1.00% | 0.97% | 1.00% | 1.03% | 1.05% | 20.27% | 0.96% | 1.05% | 3.27% | 1.01% | 1.14% | 1.04% | 0.99% | 1.11% | 0.99% |
2 analysts predict CIO's average Quarter EBITDA for Dec 23 to be $24.39M, with a high of $24.78M and a low of $24.02M. This is 5.88% upper than City Office REIT's previous annual EBITDA (Sep 23) of $23.04M.
City Office REIT Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 9 | 12 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $10.06M | $-1.90M | $-2.54M | $-19.44M | $-11.90M | $1.99M | $2.90M | $46.18M | $427.44M | $866.00K | $1.66M | $48.82M | $373.00K | $2.89M | $444.00K | $824.00K | $2.84M | $-1.11M |
| Avg Forecast | $-2.81M | $-3.21M | $-3.21M | $-3.61M | $-3.61M | $-3.75M | $-3.75M | $-3.75M | $-3.88M | $-4.82M | $-3.41M | $-5.22M | $-2.21M | $-2.81M | $-1.81M | $-1.74M | $70.60B | $-321.71K | $1.29M | $132.59B | $380.66M | $341.75K | $-1.23M | $1.26B | $-1.67M | $-602.31K | $-1.41M | $824.00K | $-1.64M | $-2.81M |
| High Forecast | $-2.76M | $-3.15M | $-3.15M | $-3.54M | $-3.54M | $-3.67M | $-3.67M | $-3.67M | $-3.74M | $-4.72M | $-3.35M | $-5.12M | $-2.16M | $-2.76M | $-1.77M | $-1.71M | $84.71B | $-321.71K | $1.29M | $159.11B | $380.66M | $341.75K | $-1.23M | $1.52B | $-1.67M | $-602.31K | $-1.41M | $988.80K | $-1.64M | $-2.81M |
| Low Forecast | $-2.84M | $-3.25M | $-3.25M | $-3.66M | $-3.66M | $-3.79M | $-3.79M | $-3.79M | $-3.93M | $-4.88M | $-3.45M | $-5.28M | $-2.24M | $-2.84M | $-1.83M | $-1.76M | $56.48B | $-321.71K | $1.29M | $106.07B | $380.66M | $341.75K | $-1.23M | $1.01B | $-1.67M | $-602.31K | $-1.41M | $659.20K | $-1.64M | $-2.81M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -4.56% | 0.68% | 1.40% | 11.17% | -0.00% | -6.18% | 2.24% | 0.00% | 1.12% | 2.53% | -1.35% | 0.04% | -0.22% | -4.79% | -0.32% | 1.00% | -1.73% | 0.40% |
City Office REIT's average Quarter net income forecast for Mar 24 is $-5.22M, with a range of $-5.28M to $-5.12M. CIO's average Quarter net income forecast represents a -151.87% decrease compared to the company's last Quarter net income of $10.06M (Dec 23).
City Office REIT SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 9 | 12 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $3.88M | $3.53M | $3.67M | $3.77M | $3.21M | $3.51M | $3.61M | $3.46M | $1.72M | $7.90M | $3.07M | $2.80M | $2.67M | $2.55M | $2.70M | $2.78M | $2.63M | $2.77M |
| Avg Forecast | $3.53M | $3.50M | $3.48M | $3.46M | $3.39M | $3.37M | $3.36M | $3.35M | $3.35M | $3.31M | $3.38M | $3.39M | $3.46M | $3.44M | $3.46M | $3.46M | $3.53M | $3.48M | $3.46M | $3.38M | $3.20M | $3.22M | $3.04M | $3.05M | $3.15M | $3.11M | $3.08M | $17.74M | $3.15M | $3.08M |
| High Forecast | $3.56M | $3.54M | $3.51M | $3.49M | $3.42M | $3.41M | $3.39M | $3.36M | $3.36M | $3.31M | $3.38M | $3.42M | $3.52M | $3.48M | $3.50M | $3.49M | $3.57M | $3.48M | $3.46M | $3.38M | $3.20M | $3.22M | $3.04M | $3.05M | $3.15M | $3.11M | $3.08M | $21.28M | $3.15M | $3.08M |
| Low Forecast | $3.47M | $3.45M | $3.43M | $3.41M | $3.34M | $3.32M | $3.31M | $3.34M | $3.33M | $3.30M | $3.38M | $3.34M | $3.41M | $3.37M | $3.41M | $3.41M | $3.46M | $3.48M | $3.46M | $3.38M | $3.20M | $3.22M | $3.04M | $3.05M | $3.15M | $3.11M | $3.08M | $14.19M | $3.15M | $3.08M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.12% | 1.03% | 1.06% | 1.09% | 0.91% | 1.01% | 1.04% | 1.02% | 0.54% | 2.46% | 1.01% | 0.92% | 0.85% | 0.82% | 0.87% | 0.16% | 0.84% | 0.90% |
City Office REIT's average Quarter SG&A projection for Mar 24 is $3.39M, based on 1 Wall Street analysts, with a range of $3.34M to $3.42M. The forecast indicates a -12.56% fall compared to CIO last annual SG&A of $3.88M (Dec 23).
City Office REIT EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 9 | 12 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.25 | $-0.05 | $-0.06 | $-0.49 | $-0.30 | - | $0.02 | $1.06 | $9.81 | $-0.02 | $-0.00 | $1.08 | $0.01 | $0.07 | $-0.03 | $-0.02 | $0.02 | $-0.07 |
| Avg Forecast | $-0.07 | $-0.08 | $-0.08 | $-0.09 | $-0.09 | $-0.09 | $-0.09 | $-0.09 | $-0.10 | $-0.12 | $-0.09 | $-0.13 | $-0.06 | $-0.07 | $-0.04 | $-0.04 | $-0.05 | $-0.01 | $0.03 | $0.05 | $9.48 | $0.01 | $-0.03 | $0.31 | $-0.04 | $-0.01 | $-0.04 | $-0.02 | $-0.04 | $-0.07 |
| High Forecast | $-0.07 | $-0.08 | $-0.08 | $-0.09 | $-0.09 | $-0.09 | $-0.09 | $-0.09 | $-0.09 | $-0.12 | $-0.08 | $-0.13 | $-0.05 | $-0.07 | $-0.04 | $-0.04 | $-0.05 | $-0.01 | $0.03 | $0.05 | $9.48 | $0.01 | $-0.03 | $0.31 | $-0.04 | $-0.01 | $-0.04 | $-0.02 | $-0.04 | $-0.07 |
| Low Forecast | $-0.07 | $-0.08 | $-0.08 | $-0.09 | $-0.09 | $-0.09 | $-0.09 | $-0.09 | $-0.10 | $-0.12 | $-0.09 | $-0.13 | $-0.06 | $-0.07 | $-0.05 | $-0.04 | $-0.05 | $-0.01 | $0.03 | $0.05 | $9.48 | $0.01 | $-0.03 | $0.31 | $-0.04 | $-0.01 | $-0.04 | $-0.02 | $-0.04 | $-0.07 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -4.55% | 0.68% | 1.41% | 11.31% | 6.00% | -0.40% | 0.62% | 19.67% | 1.03% | -2.35% | 0.14% | 3.48% | -0.21% | -4.65% | 0.86% | 0.86% | -0.49% | 1.00% |
According to 1 Wall Street analysts, City Office REIT's projected average Quarter EPS for Mar 24 is $-0.13, with a low estimate of $-0.13 and a high estimate of $-0.13. This represents a -152.00% decrease compared to CIO previous annual EPS of $0.25 (Dec 23).
City Office REIT Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CMCT | Creative Media & Community Trust | $0.23 | $4.00 | 1639.13% | Buy |
| CIO | City Office REIT | $5.52 | $15.00 | 171.74% | Hold |
| HPP | Hudson Pacific Properties | $3.03 | $6.75 | 122.77% | Hold |
| BDN | Brandywine Realty Trust | $5.60 | $7.88 | 40.71% | Hold |
| PDM | Piedmont Office Realty Trust | $9.15 | $12.00 | 31.15% | |
| HIW | Highwoods Properties | $30.58 | $32.50 | 6.28% | Hold |
| KRC | Kilroy Realty | $40.45 | $39.50 | -2.35% | Buy |
| CUZ | Cousins Properties | $30.64 | $29.80 | -2.74% | Buy |
| DEI | Douglas Emmett | $18.56 | $18.00 | -3.02% | Hold |