Media headlines about City Office REIT (NYSE:CIO) have trended somewhat positive this week, Accern reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. City Office REIT earned a news impact score of 0.15 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.9419311055214 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- An expanded Domain? Dallas firm buys office buildings, mulls massive redevelopment (bizjournals.com)
- City Office REIT (CIO) Downgraded to Strong Sell at Zacks Investment Research (americanbankingnews.com)
- Zacks: Analysts Expect City Office REIT Inc (CIO) Will Announce Quarterly Sales of $29.52 Million (americanbankingnews.com)
- $0.28 EPS Expected for City Office REIT Inc (CIO) This Quarter (americanbankingnews.com)
City Office REIT (NYSE CIO) opened at $10.67 on Friday. The firm has a market cap of $381.37, a P/E ratio of -62.76, a PEG ratio of 1.11 and a beta of 0.09. 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 $10.15 and a 1 year high of $13.93.
Several research analysts have recently weighed in on the stock. Deutsche Bank downgraded shares of City Office REIT from a “buy” rating to a “hold” rating and dropped their target price for the stock from $16.00 to $13.00 in a research report on Wednesday, January 10th. Zacks Investment Research downgraded shares of City Office REIT from a “hold” rating to a “strong sell” rating in a research report on Wednesday. ValuEngine downgraded shares of City Office REIT from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, B. Riley reissued a “buy” rating and issued a $14.50 target price on shares of City Office REIT in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. City Office REIT has an average rating of “Hold” and an average price target of $14.25.
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.
Receive News & Ratings for City Office REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for City Office REIT and related companies with MarketBeat.com's FREE daily email newsletter.