Office Properties Income Trust (OPI) To Go Ex-Dividend on October 28th

Office Properties Income Trust (NASDAQ:OPI) declared a quarterly dividend on Wednesday, October 16th, Zacks reports. Shareholders of record on Monday, October 28th will be given a dividend of 0.01 per share on Thursday, November 14th. This represents a $0.04 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Monday, October 28th.

Office Properties Income Trust has decreased its dividend payment by an average of 16.1% annually over the last three years. Office Properties Income Trust has a payout ratio of -1.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Office Properties Income Trust to earn $1.65 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 2.4%.

Office Properties Income Trust Trading Up 0.5 %

NASDAQ OPI opened at $2.04 on Friday. Office Properties Income Trust has a one year low of $1.81 and a one year high of $7.53. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $102.57 million, a price-to-earnings ratio of -1.32 and a beta of 1.15. The company’s 50-day simple moving average is $2.16 and its two-hundred day simple moving average is $2.20.

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

Analysts Set New Price Targets

Separately, StockNews.com lowered Office Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Tuesday.

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.