City Office stock: buy or sell?

CIO stock price: $14.17 0.50% At close on September 20th, 2019

Updated on:
September 20th, 2019

5

City Office shares grew 0.50% today and reached a new all time high at $14.25. Counting Friday, it's been 5 green sessions in a row, adding $0.40 or 2.88%.

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 choose and when is the best moment to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, 2 buy setups match with City Office stock now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is City Office stock a buy?

Banks and financial institutions post stock ratings everyday. At Stocks2.com, we gathered 3 ratings published for CIO stock in the last month.

Is CIO a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-12JMP Securitiesn/aMarket Outperform
2019-8-2B. Rileyn/aBuy
2019-2-28Boenning Scattergoodn/aBuy

City Office stock analysis

Daily outlook

City Office grew 0.50% today and touched a new all time high at $14.25.

After marking all time highs today, City Office grew 0.50% today to $14.17. CIO broke out again over $13.64 after a 2.42% correction started on September/4. Since last May when SMA100d and SMA200d crossed up, CIO price gained $2.51 per share (21.53%). On June CIO price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.

CIO stock chart (daily)

Weekly outlook

City Office ended this week at $14.17 after topping to a new all time high ($14.25) and jumped a very good 2.90%.

CIO shows a strong mid-term uptrend with several rising tops and rising bottoms. Since its last bottom late June, CIO climbed unceasignly breaking out to new all time highs. Since SMA20d and SMA40w crossed up by mid May, CIO price climbed $2.43 per share (20.70%). Late April CIO price bounced up over the SMA of 40 weeks that acted as support stopping new slides.

CIO stock chart (weekly)

City Office stock price history

City Office IPO was on April 15th, 2014 at $8.26 per share1. Since then, CIO stock grew a 71.50%, with an average of 14.30% per year. If you had invested right after CIO's IPO a $1,000 in City Office stock in 2014, it would worth $715.00 today.

1: Adjusted price after possible price splits or reverse-splits.

City Office stock historical price chart

CIO stock reached all-time highs today with a price of $14.25.

City Office stock price target is $14.30

How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 2 price forecasts for CIO stock:
CIO stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-12JMP SecuritiesRaises Target$14.00$15.007.1%
2019-8-2B. RileyRaises Target$12.50$13.508%
(in average)$13.30$14.308.0%
Moving in a range from $15.00 and $13.50, the price prediction for City Office stock is $14.30. In average, analysts' outlook on CIO price target is positive, improving the prediction by a 8.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

City Office disappointed analysts on February when it reported an Earnings per Share (EPS) of $-0.22 when the analysts' forecast was $0.27.
CIO earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/an/an/a
2017-Q2-n/an/an/a
2017-Q32017-11-06-0.18-0.12n/a
2017-Q42018-03-010.270.3114.8%
2018-Q12018-05-040.250.2812.0%
2018-Q22018-08-020.250.264.0%
2018-Q32018-11-010.280.280.0%
2018-Q42019-02-270.27-0.22n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw an extraordinary gain of 21.60% to $129.48 M dollars. In the same way, its income margin (compared to sales) rocketed to 29.48%, that is $38.17 million.

CIO annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2004$0.05 M-$-0.37 M-740.0%-
2013$21 M41,920.00%$-4.13 M-19.7%1,016.22%
2014$37 M75.61%$-5.01 M-13.6%21.31%
2015$55 M49.21%$-6.59 M-12.0%31.56%
2016$72 M31.62%$-0.84 M-1.2%-87.21%
2017$106 M46.96%$5.76 M5.4%-782.80%
2018$129 M21.60%$38 M29.5%563.10%

Quarterly financial results

City Office posted $34.17 million in sales for 2018-Q4, a 1.85% improvement compared to previous quarter. Reported quarter income 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 phenomenal growth and jumped a 9.58%. Looking back to recent quarterly results, City Office posted 2 negative quarters in a row.
CIO quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
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$31 M25.98%$-1 M-3.4%-39.94%
2018-Q1$32 M1.13%$47 M149.2%-4,514.92%
2018-Q2$30 M-4.12%$-1 M-2.6%-101.70%
2018-Q3$34 M10.95%$-1 M-3.9%62.41%
2018-Q4$34 M1.85%$-7 M-19.9%424.69%

City Office ownership

When you are planning to buy shares of a stock, it's worth to have a look its ownership structure.

City Office shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 43.53% of all shares.

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 next table shows ownership data compared to other related stocks:

CIOCHMIHASIINNSNR
Market cap$561.8 M$229.7 M$1.9 B$1.2 B$561.1 M
Total shares39.7 M16.9 M65.7 M105.1 M83.1 M
Float shares38.8 M14.7 M62.6 M102.8 M71.6 M
  - Institutional holdings (%)0.0%60.6%72.2%102.2%68.4%
  - Insider holdings (%)43.5%7.0%4.0%2.3%2.0%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

City Office summary

Friday, September 20th, 2019
Open$14.13
Close$14.17
Day range$14.10 - $14.25
Previous close$14.10
Session gain0.50%
Average true range$0.21
50d mov avg$13.04
100d mov avg$12.42
200d mov avg$11.62
Daily patternlb01c
Weekly pattern lb03c

City Office performance

To measure stock performance is always good to compare with competitors or related stocks. We picked Cherry Hill Mortgage Investment, Hannon Armstrong Sustainable Infrastructure Capital, Summit Hotel Properties and New Senior Investment as the bechmarking frame for City Office stock.
Stock3m6m12m
CIOCity Office16.63%34.82%23.22%
CHMICherry Hill Mortg...-14.04%-18.67%-18.03%
HASIHannon Armstrong ...6.58%18.37%41.48%
INNSummit Hotel Prop...3.91%9.66%-6.70%
SNRNew Senior Invest...-0.30%38.04%28.82%

City Office competitors

One check before trading any stock is to review a list of its competitors, in this case for City Office. We chose 4 companies as City Office competitors as they are in the same industry or have similar market objectives.