Office Properties Income Trust (NASDAQ:OPI) Lifted to “Hold” at StockNews.com

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

Separately, Morgan Stanley dropped 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 Stock Performance

Shares of NASDAQ:OPI traded down $0.11 during trading on Thursday, hitting $2.76. 1,129,307 shares of the company were exchanged, compared to its average volume of 1,372,474. Office Properties Income Trust has a 52-week low of $1.81 and a 52-week high of $8.80. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.82 and a quick ratio of 1.82. The company has a market cap of $134.55 million, a PE ratio of -1.79, a P/E/G ratio of 0.09 and a beta of 1.18. The stock has a 50 day moving average of $2.14 and a 200 day moving average of $4.00.

Office Properties Income Trust (NASDAQ:OPI) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.92). The business had revenue of $139.44 million during the quarter, compared to analysts’ expectations of $128.28 million. Office Properties Income Trust had a negative net margin of 13.72% and a negative return on equity of 5.76%. During the same period last year, the company posted $1.09 EPS. As a group, equities research analysts predict that Office Properties Income Trust will post 2.85 EPS for the current year.

Office Properties Income Trust Dividend Announcement

The firm also recently announced 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. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, April 19th. Office Properties Income Trust’s payout ratio is -2.60%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in Office Properties Income Trust by 183.3% in the 3rd quarter. AQR Capital Management LLC now owns 1,364,968 shares of the company’s stock worth $5,596,000 after buying an additional 883,221 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Office Properties Income Trust by 3,458.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 772,697 shares of the company’s stock valued at $5,656,000 after buying an additional 750,984 shares during the period. Invesco Ltd. raised its holdings in shares of Office Properties Income Trust by 26.8% in the third quarter. Invesco Ltd. now owns 2,082,102 shares of the company’s stock valued at $8,537,000 after acquiring an additional 439,574 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Office Properties Income Trust by 19.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,964,664 shares of the company’s stock worth $14,381,000 after purchasing an additional 315,094 shares during the period. Finally, Privium Fund Management B.V. bought a new position in shares of Office Properties Income Trust in the 1st quarter worth $412,000. 64.41% of the stock is owned by hedge funds and other institutional investors.

About Office Properties Income Trust

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.