Office Properties Income Trust (NASDAQ:OPI) Downgraded by StockNews.com

StockNews.com cut shares of Office Properties Income Trust (NASDAQ:OPI) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

Office Properties Income Trust Price Performance

OPI stock opened at $2.04 on Tuesday. Office Properties Income Trust has a 52 week low of $1.81 and a 52 week high of $7.53. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.74. The company has a fifty day simple moving average of $2.16 and a two-hundred day simple moving average of $2.20. The firm has a market capitalization of $102.57 million, a P/E ratio of -1.32 and a beta of 1.15.

Office Properties Income Trust (NASDAQ:OPI) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $0.64 by $0.93. Office Properties Income Trust had a net margin of 2.69% and a return on equity of 1.11%. The business had revenue of $123.69 million during the quarter, compared to analyst estimates of $123.45 million. Analysts anticipate that Office Properties Income Trust will post 2.38 earnings per share for the current fiscal year.

Office Properties Income Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be issued a $0.01 dividend. The ex-dividend date is Monday, October 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.96%. Office Properties Income Trust’s dividend payout ratio (DPR) is presently -2.60%.

Institutional Investors Weigh In On Office Properties Income Trust

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Office Properties Income Trust by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 4,920,629 shares of the company’s stock worth $10,038,000 after acquiring an additional 45,874 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Office Properties Income Trust by 72.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,332,026 shares of the company’s stock valued at $2,717,000 after buying an additional 559,329 shares in the last quarter. Pacific Ridge Capital Partners LLC bought a new stake in Office Properties Income Trust during the 1st quarter valued at about $1,915,000. Privium Fund Management B.V. bought a new stake in Office Properties Income Trust during the 1st quarter valued at about $412,000. Finally, Quadrature Capital Ltd bought a new stake in Office Properties Income Trust during the 1st quarter valued at about $364,000. Institutional investors own 64.41% of the company’s stock.

Office Properties Income Trust Company Profile

OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of December 31, 2023, approximately 64% of OPI's revenues were from investment grade rated tenants. OPI owned 152 properties as of December 31, 2023, with approximately 20.5 million square feet located in 30 states and Washington, DC In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year.