Colliers Securities analyst Barry Oxford maintained a Buy rating on City Office REIT (CIO – Research Report) on August 5 and set a price target of $15.00. The company’s shares closed last Friday at $12.85.
Oxford covers the Financial sector, focusing on stocks such as Postal Realty, City Office REIT, and BRT Apartments. According to TipRanks, Oxford has an average return of 8.3% and a 59.79% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for City Office REIT with a $16.25 average price target.
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CIO market cap is currently $559.7M and has a P/E ratio of 1.25.
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City Office REIT, Inc. is a real estate investment trust. It focuses on acquiring, owning and operating office properties located primarily in metropolitan areas in the Southern and Western United States. The company was founded on November 26, 2013 and is headquartered in Vancouver, Canada.
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