Office Properties Income Trust (NASDAQ:OPI) Issues Earnings Results, Misses Estimates By $0.92 EPS

Office Properties Income Trust (NASDAQ:OPI) posted its quarterly earnings results on Wednesday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.92), Zacks reports. Office Properties Income Trust had a negative return on equity of 5.71% and a negative net margin of 13.72%. The firm had revenue of $139.44 million for the quarter, compared to the consensus estimate of $128.28 million. During the same period last year, the company posted $1.09 earnings per share.

Office Properties Income Trust Stock Performance

NASDAQ OPI opened at $2.62 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a 50-day moving average of $2.14 and a 200-day moving average of $4.03. Office Properties Income Trust has a 52-week low of $1.81 and a 52-week high of $8.80.

Office Properties Income Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.04 annualized dividend and a dividend yield of 1.53%. Office Properties Income Trust’s dividend payout ratio is currently -2.60%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OPI. StockNews.com raised shares of Office Properties Income Trust from a “sell” rating to a “hold” rating in a report on Thursday. Morgan Stanley lowered their price target on Office Properties Income Trust from $1.80 to $1.60 and set an “underweight” rating on the stock in a research report on Thursday, March 28th.

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.