Office Properties Income Trust (NASDAQ:OPI – Get Rating) is scheduled to issue its quarterly earnings data after the market closes on Thursday, July 28th. Analysts expect the company to announce earnings of $1.12 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
Office Properties Income Trust (NASDAQ:OPI – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($1.55). The company had revenue of $147.35 million during the quarter, compared to the consensus estimate of $148.12 million. Office Properties Income Trust had a negative return on equity of 3.97% and a negative net margin of 10.26%. On average, analysts expect Office Properties Income Trust to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Office Properties Income Trust Stock Down 0.9 %
Shares of NASDAQ:OPI opened at $20.55 on Thursday. The firm has a market cap of $995.03 million, a PE ratio of -16.71 and a beta of 1.13. The company has a fifty day simple moving average of $20.39 and a 200 day simple moving average of $23.23. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.77. Office Properties Income Trust has a 12-month low of $18.75 and a 12-month high of $30.49.
Office Properties Income Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 18th. Stockholders of record on Monday, July 25th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 10.71%. The ex-dividend date of this dividend is Friday, July 22nd. Office Properties Income Trust’s dividend payout ratio (DPR) is -178.86%.
Wall Street Analyst Weigh In
OPI has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on Office Properties Income Trust from $18.00 to $16.00 and set an “underweight” rating on the stock in a report on Tuesday. B. Riley lowered their price target on Office Properties Income Trust from $42.00 to $38.00 in a research note on Monday, May 2nd. TheStreet cut Office Properties Income Trust from a “c-” rating to a “d+” rating in a research report on Wednesday, June 1st. Finally, StockNews.com upgraded Office Properties Income Trust from a “hold” rating to a “buy” rating in a report on Wednesday, May 4th.
Institutional Trading of Office Properties Income Trust
Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Office Properties Income Trust by 10.9% in the 1st quarter. JPMorgan Chase & Co. now owns 323,394 shares of the company’s stock worth $8,321,000 after purchasing an additional 31,660 shares in the last quarter. Raymond James & Associates increased its holdings in Office Properties Income Trust by 12.3% in the 1st quarter. Raymond James & Associates now owns 20,748 shares of the company’s stock worth $534,000 after purchasing an additional 2,266 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Office Properties Income Trust by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 750,061 shares of the company’s stock worth $19,299,000 after purchasing an additional 14,056 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Office Properties Income Trust in the 1st quarter valued at about $490,000. Finally, Bank of Montreal Can increased its stake in shares of Office Properties Income Trust by 18.0% in the first quarter. Bank of Montreal Can now owns 17,044 shares of the company’s stock valued at $439,000 after buying an additional 2,601 shares during the period. 74.41% of the stock is currently owned by institutional investors.
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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