As of Wednesday close, City Office REIT Inc.’s (NYSE:CIO) stock was down -$0.06, moving down -0.60 percent to $9.91. The average number of shares traded per day over the past five days has been 178,120 shares. 4 times new highs have been achieved over the past 5 days, with a $0.42 gain in that time frame. In the last twenty days, the average volume was 233,990, while in the previous 50 days, it was 286,720.
Since last month, CIO stock retreated -4.53%. Shares of the company fell to $9.17 on 11/09/22, the lowest level in the past month. A 52-week high of $21.70 was reached on 01/07/22 after having rallying from a 52-week low of $9.05. Since the beginning of this year, CIO’s stock price has dropped by -49.75% or -$9.81, and marked a new high 5 times. However, the stock has declined by -54.33% since its 52-week high.
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Right now, City Office REIT Inc. (CIO) has a P/E ratio of about 0.97. The stock’s beta is 1.51. Besides these, the trailing price-to-sales (P/S) ratio of 2.22, the price-to-book (PB) ratio of 0.58, and the price-to-cash flow ratio of 12.73 may also be considered.
The latest dividend of $0.20 per share was paid out, remained unchanged from last year’s $0.20. On Monday December 20 2021, a $0.05 dividend increase was announced.
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.96, and the total debt-to-equity ratio was 0.96. On the profitability front, the trailing twelve-month gross margin is 62.80% percent. In the year ended June 29, operating margins totaled 21.50%. Based on annual data, CIO earned $33.23 million in gross profit and brought in $164.04 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.30%. Return on equity (ROE) for the past 12 months was 60.50%.
In City Office REIT Inc.’s quarter-end financial report for June 29, it reported total debt of $676.12 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CIO’s revenue rose 1.38% to $45.5 million during the quarter, while net income inched up to $45.52 million. While analysts expected City Office REIT Inc. to report $0.03 quarterly earnings, the actual figure was $0.02 per share, beating the consensus estimate by -33.30%. During the quarter, the company generated $24.9 million in EBITDA. The value of shareholders’ equity is $39.72 million.
This quick technical analysis looks at City Office REIT Inc.’s (CIO) price momentum. With a historical volatility rate of 25.45%, the RSI 9-day stood at 51.00% on 23 November.
With respect to its five-day moving average, the current City Office REIT Inc. price is up by +4.43% percent or $0.42. At present, CIO shares trade -5.26% below its 20-day simple moving average and -24.47% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.15% below its SMA50 and -43.69% below its SMA200.
Stochastic coefficient K was 48.29% and Stochastic coefficient D was 40.76%, while ATR was 0.33. Given the Stochastic reading of 48.68% for the 14-day period, the RSI (14) reading has been calculated as 48.62%. As of today, the MACD Oscillator reading stands at 0.14, while the 14-day reading stands at 0.13.
City Office REIT Inc. downgraded its rating on City Office REIT Inc. (NYSE: CIO) to a Sector perform in a note to investors on November 19, 2021. The analysts firm previously had an Outperform rating on the stock.