Office Properties Income Trust (NASDAQ:OPI) has been given a consensus rating of “Hold” by the seven ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $28.50.
Several research analysts have recently issued reports on OPI shares. Mizuho upped their target price on shares of Office Properties Income Trust from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, April 1st. Royal Bank of Canada upped their target price on shares of Office Properties Income Trust from $24.00 to $29.00 and gave the stock a “sector perform” rating in a research note on Monday, March 22nd. Morgan Stanley dropped their target price on shares of Office Properties Income Trust from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Monday, December 14th. Finally, TheStreet upgraded shares of Office Properties Income Trust from a “d+” rating to a “c-” rating in a research report on Wednesday, February 10th.
OPI traded down $0.45 during midday trading on Friday, reaching $27.81. The company’s stock had a trading volume of 3,476 shares, compared to its average volume of 216,899. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 18.47 and a beta of 1.37. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.35. Office Properties Income Trust has a 1 year low of $17.62 and a 1 year high of $31.58. The stock’s 50-day moving average is $27.27 and its 200-day moving average is $23.76.
Office Properties Income Trust (NASDAQ:OPI) last announced its quarterly earnings data on Thursday, February 18th. The company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($1.28). The business had revenue of $146.63 million during the quarter, compared to analysts’ expectations of $145.63 million. Office Properties Income Trust had a return on equity of 4.38% and a net margin of 12.20%. As a group, equities research analysts forecast that Office Properties Income Trust will post 5.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 18th. Shareholders of record on Monday, January 25th were issued a dividend of $0.55 per share. The ex-dividend date was Friday, January 22nd. This represents a $2.20 dividend on an annualized basis and a yield of 7.91%. Office Properties Income Trust’s dividend payout ratio is currently 36.61%.
A number of hedge funds have recently made changes to their positions in OPI. FMR LLC purchased a new stake in Office Properties Income Trust during the first quarter valued at approximately $95,000. First Trust Advisors LP purchased a new stake in shares of Office Properties Income Trust in the first quarter worth $1,989,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Office Properties Income Trust in the first quarter worth $669,000. Sei Investments Co. increased its stake in shares of Office Properties Income Trust by 12.5% in the third quarter. Sei Investments Co. now owns 10,939 shares of the company’s stock worth $227,000 after purchasing an additional 1,218 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Office Properties Income Trust by 1.6% in the third quarter. Swiss National Bank now owns 109,233 shares of the company’s stock worth $2,263,000 after purchasing an additional 1,700 shares in the last quarter. 75.01% of the stock is owned by institutional investors and hedge funds.
Office Properties Income Trust Company Profile
OPI is a REIT focused on owning, operating and leasing properties primarily leased to single tenants and those with high credit quality characteristics such as government entities. OPI is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.
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