Office Properties Income Trust Plans Quarterly Dividend of $0.01 (NASDAQ:OPI)

Office Properties Income Trust (NASDAQ:OPIGet Free Report) declared a quarterly dividend on Thursday, January 11th, investing.com reports. Investors of record on Monday, January 22nd will be paid a dividend of 0.01 per share on Thursday, February 15th. This represents a $0.04 annualized dividend and a yield of 1.10%. The ex-dividend date is Friday, January 19th.

Office Properties Income Trust has decreased its dividend payment by an average of 16.1% per year over the last three years. Office Properties Income Trust has a payout ratio of -52.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Office Properties Income Trust to earn $3.63 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 27.5%.

Office Properties Income Trust Price Performance

Shares of OPI opened at $3.65 on Thursday. Office Properties Income Trust has a 12-month low of $3.38 and a 12-month high of $18.10. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.30 and a current ratio of 1.30. The stock’s 50-day moving average price is $5.88 and its 200 day moving average price is $6.09.

Office Properties Income Trust (NASDAQ:OPIGet Free Report) last issued its quarterly earnings results on Monday, October 30th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($1.40). Office Properties Income Trust had a negative net margin of 4.91% and a negative return on equity of 1.92%. The firm had revenue of $133.36 million for the quarter, compared to the consensus estimate of $133.31 million. On average, analysts predict that Office Properties Income Trust will post 4.2 earnings per share for the current year.

Institutional Investors Weigh In On Office Properties Income Trust

Institutional investors have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd acquired a new position in shares of Office Properties Income Trust in the 3rd quarter worth approximately $27,000. Bessemer Group Inc. acquired a new position in shares of Office Properties Income Trust in the 4th quarter worth approximately $43,000. Tower Research Capital LLC TRC raised its position in Office Properties Income Trust by 104.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,442 shares of the company’s stock worth $62,000 after purchasing an additional 2,266 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in Office Properties Income Trust in the 2nd quarter worth approximately $87,000. Finally, XTX Topco Ltd bought a new position in Office Properties Income Trust in the 2nd quarter worth approximately $103,000. 75.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised Office Properties Income Trust from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th.

View Our Latest Stock Report on Office Properties Income Trust

About Office Properties Income Trust

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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 September 30, 2023, approximately 64% of OPI's revenues were from investment grade rated tenants. OPI owned and leased 154 properties as of September 30, 2023, with approximately 20.7 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.

See Also

Dividend History for Office Properties Income Trust (NASDAQ:OPI)

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