City Office stock: buy or sell?
January 17th, 2020
City Office REIT, Inc. (NYSE: CIO) invests in high-quality office properties in mid-sized metropolitan areas with strong economic fundamentals, primarily in the Southern and Western United States.
Should I buy City Office stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, City Office stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is City Office stock a buy?
Banks and financial institutions publish stock ratings everyday.At Stocks2.com, we detected 3 ratings published for CIO stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-12||JMP Securities||n/a||Market Outperform|
City Office stock analysis
City Office gained a fine 1.09% and closed at $13.91.
Shares of City Office gained a fine 1.09% and closed at $13.91. CIO shows a sign of strength in the short-term after finally breaking out above $13.55 on Jan 9th and marking a new rising bottom. Since price and SMA100d lines crossed up on January 7th, CIO climbed $0.77 (5.86%). On September, CIO hit a new all time high, pushing higher than on September tops. Check different trading setups that use ATHs as triggers.
Shares of City Office ended this week at $13.91 and skyrocketed a cool 4.82%. With this, it's been 5 green weeks in a row, gaining $1.61 or 12.37%. Early December CIO plunged a hair-raising -5.85% in just one week.
Observing the weekly chart, CIO marked an uptrend of rising tops and rising bottoms. Since its last top late September 2019 at $14.01, price slid and bounced up back from $12.20. Breaking down under $12.20 would cancel the current uptrend and it might test lower supports. Note that $14.01 might act as a resistance line. Far behind is the all-time high City Office recorded late September 2019 but price is just -0.71% below that top. By mid May 2019, SMA20w and SMA40w crossed up triggering a rise of 22.66%. Since price and SMA40w lines crossed up late April 2019, CIO climbed $3.52 (33.88%).
City Office stock price history
City Office IPO was on April 15th, 2014 at $7.98 per share1. Since then, CIO stock grew a 74.30%, with a yearly average of 14.90%. If you had invested right after CIO's IPO a $1,000 in City Office stock in 2014, it would worth $743.00 today.
1: Adjusted price after possible price splits or reverse-splits.
City Office stock historical price chart
CIO stock reached all-time highs on September with a price of $14.01.
City Office stock price target is $14.30How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we found 2 price targets for City Office stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-12||JMP Securities||Raises Target||$14.00||$15.00||7.1%|
|2019-8-2||B. Riley||Raises Target||$12.50||$13.50||8%|
Financials and fundamental analysis
Earnings date and Earnings per ShareCity Office failed analysts on February when it reported an Earnings per Share (EPS) of $-0.22 when the market consensus was $0.27.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, City Office annual turnover rocketed a super good 21.60% to $129.48 million USD from $106.49 marked in 2017. When comparing 2018 vs 2017, in the same way, profit margin (that is, the net income divided by revenues) climbed a 24.07% to 29.48%.
|2004||$0.05 M||-||$-0.37 M-740.0%||-|
|2013||$21 M||41,920.00%||$-4.13 M-19.7%||1,016.22%|
|2014||$37 M||75.61%||$-5.01 M-13.6%||21.31%|
|2015||$55 M||49.21%||$-6.59 M-12.0%||31.56%|
|2016||$72 M||31.62%||$-0.84 M-1.2%||-87.21%|
|2017||$106 M||46.96%||$5.76 M5.4%||-782.80%|
|2018||$129 M||21.60%||$38 M29.5%||563.10%|
Quarterly financial resultsCity Office posted $34.17 million in sales for 2018-Q4, a 1.85% improvement compared to previous quarter. Reported quarter earnings marked $-6.80 million with a profit margin of -19.90%. Profit margin collapsed a -16.04% compared to previous quarter when profit margin was -3.86%. When comparing revenues to same quarter last year, City Office sales marked a great growth and soared a 9.58%. Looking back to recent quarterly results, City Office posted 2 negative quarters in a row.
|2017-Q1||$25 M||-||$-1 M-5.8%||-|
|2017-Q2||$25 M||-1.26%||$10 M40.1%||-784.35%|
|2017-Q3||$25 M||-1.32%||$-2 M-7.2%||-117.64%|
|2017-Q4||$31 M||25.98%||$-1 M-3.4%||-39.94%|
|2018-Q1||$32 M||1.13%||$47 M149.2%||-4,514.92%|
|2018-Q2||$30 M||-4.12%||$-1 M-2.6%||-101.70%|
|2018-Q3||$34 M||10.95%||$-1 M-3.9%||62.41%|
|2018-Q4||$34 M||1.85%||$-7 M-19.9%||424.69%|
City Office ownershipWhen you are planning to invest in a company, it's always worth to check its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For City Office, 43.53% of all outstanding shares are owned by its staff.
In case of City Office stock, 0.00% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for CIO stock account 0.00%, no big difference from last month.
For a better understanding, the following table shows ownership data compared to other related companies:
|Market cap||$758.8 M||$248.1 M||$2.2 B||$1.3 B||$657.9 M|
|Total shares||54.6 M||16.9 M||65.7 M||105.2 M||83.0 M|
|Float shares||50.6 M||15.7 M||62.7 M||102.9 M||71.3 M|
|- Institutional holdings (%)||0.0%||52.6%||81.5%||109.6%||76.1%|
|- Insider holdings (%)||43.5%||6.9%||3.6%||1.9%||0.5%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
City Office summary
|Friday, January 17th, 2020|
|Day range||$13.71 - $13.93|
|Average true range||$0.25|
|50d mov avg||$13.06|
|100d mov avg||$13.20|
|200d mov avg||$12.37|
City Office performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We chose Cherry Hill Mortgage Investment, Hannon Armstrong Sustainable Infrastructure Capital, Summit Hotel Properties and New Senior Investment as the bechmarking frame for City Office stock.
|CHMICherry Hill Mortg...||15.68%||-1.67%||-11.08%|
|HASIHannon Armstrong ...||17.20%||24.73%||58.97%|
|INNSummit Hotel Prop...||4.76%||11.31%||18.61%|
|SNRNew Senior Invest...||15.60%||19.61%||79.82%|