City Office stock: buy or sell?

CIO stock price: $13.91 1.09% At close on January 17th, 2020

Updated on:
January 17th, 2020

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City Office shares gained 1.09% to $13.91 yesterday. With Friday, it's been 3 climbing days in a row, soaring $0.50 or 3.70%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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.

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 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.

CIO stock chart (daily)

Weekly outlook

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%).

CIO stock chart (weekly)

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 $14.30

How 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:
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 target for City Office stock is $14.30. In average, analysts' outlook on CIO price forecast is positive, improving the target by a 8.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

City Office failed analysts on February when it reported an Earnings per Share (EPS) of $-0.22 when the market consensus 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

In 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%.

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 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.
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 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:

CIOCHMIHASIINNSNR
Market cap$758.8 M$248.1 M$2.2 B$1.3 B$657.9 M
Total shares54.6 M16.9 M65.7 M105.2 M83.0 M
Float shares50.6 M15.7 M62.7 M102.9 M71.3 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 selling0.0%0.0%0.0%0.0%0.0%

City Office summary

Friday, January 17th, 2020
Open$13.83
Close$13.91
Day range$13.71 - $13.93
Previous close$13.76
Session gain1.09%
Average true range$0.25
50d mov avg$13.06
100d mov avg$13.20
200d mov avg$12.37
Daily patternlb02c
Weekly pattern lb03a

City Office performance

Stocks 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.
Stock3m6m12m
CIOCity Office4.74%20.02%33.49%
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%

City Office competitors

We picked a few stocks to conform a list of City Office competitors to watch if you are interested in investing in CIO: