Shares of Office Properties Income Trust (NASDAQ:OPI) have earned a consensus broker rating score of 2.80 (Hold) from the five brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. Office Properties Income Trust’s rating score has improved by 6.7% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus target price of $31.60 for the company and are anticipating that the company will post $1.31 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Office Properties Income Trust an industry rank of 89 out of 256 based on the ratings given to its competitors.
Several research analysts have issued reports on the company. Jefferies Financial Group set a €8.10 ($9.42) target price on Commerzbank and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Zacks Investment Research lowered H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday. Morgan Stanley assumed coverage on in a research report on Monday, June 17th. They set an “equal weight” rating and a GBX 215 ($2.81) target price for the company. Finally, Royal Bank of Canada restated an “outperform” rating and set a GBX 670 ($8.75) target price on shares of in a research report on Friday, June 28th.
Shares of NASDAQ:OPI traded down $0.25 during trading hours on Friday, hitting $26.24. 240,500 shares of the company’s stock traded hands, compared to its average volume of 380,423. Office Properties Income Trust has a 1 year low of $23.36 and a 1 year high of $68.84. The firm has a fifty day simple moving average of $25.80. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 3.30, a P/E/G ratio of 1.00 and a beta of 1.65. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.69.
Office Properties Income Trust (NASDAQ:OPI) last announced its earnings results on Friday, May 3rd. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.16. Office Properties Income Trust had a return on equity of 0.95% and a net margin of 1.13%. The business had revenue of $174.80 million during the quarter, compared to analyst estimates of $177.83 million. During the same quarter in the previous year, the business earned $2.18 earnings per share. The company’s revenue for the quarter was up 60.8% compared to the same quarter last year. On average, analysts predict that Office Properties Income Trust will post 5.29 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 29th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Friday, July 26th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 8.38%. Office Properties Income Trust’s payout ratio is 27.67%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Garner Asset Management Corp boosted its holdings in shares of Office Properties Income Trust by 95.7% in the second quarter. Garner Asset Management Corp now owns 213,514 shares of the company’s stock valued at $5,609,000 after purchasing an additional 104,434 shares during the period. Camelot Portfolios LLC lifted its holdings in Office Properties Income Trust by 18.3% during the second quarter. Camelot Portfolios LLC now owns 63,249 shares of the company’s stock worth $1,662,000 after buying an additional 9,800 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Office Properties Income Trust by 889.9% during the second quarter. Nisa Investment Advisors LLC now owns 24,797 shares of the company’s stock worth $651,000 after buying an additional 22,292 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in Office Properties Income Trust during the first quarter worth $669,000. Finally, First Trust Advisors LP purchased a new stake in Office Properties Income Trust during the first quarter worth $1,989,000. Hedge funds and other institutional investors own 66.52% of the company’s stock.
Office Properties Income Trust Company Profile
Office Properties Income Trust is a real estate investment trust, or REIT, which owns buildings primarily leased to single tenants and those with high credit quality characteristics like government entities. In December 2018, our predecessor company Government Properties Income Trust, or GOV, merged with Select Income REIT, or SIR, and the combined company was renamed Office Properties Income Trust, or OPI.
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