Office Properties Income Trust (NASDAQ:OPI) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Office Properties Income Trust (NASDAQ:OPI) in a report released on Friday morning. The firm issued a hold rating on the stock.

Office Properties Income Trust Stock Down 6.2 %

OPI opened at $0.38 on Friday. Office Properties Income Trust has a twelve month low of $0.38 and a twelve month high of $3.02. The firm has a market cap of $26.53 million, a price-to-earnings ratio of -0.17 and a beta of 1.58. The firm’s 50-day simple moving average is $0.80 and its 200-day simple moving average is $1.25. The company has a debt-to-equity ratio of 2.20, a quick ratio of 3.78 and a current ratio of 3.78.

Office Properties Income Trust (NASDAQ:OPI) last posted its earnings results on Thursday, February 13th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.97. Office Properties Income Trust had a negative net margin of 27.11% and a negative return on equity of 10.86%. The company had revenue of $118.24 million during the quarter.

Office Properties Income Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 10.53%. The ex-dividend date of this dividend was Monday, January 27th. Office Properties Income Trust’s dividend payout ratio is presently -1.82%.

Institutional Trading of Office Properties Income Trust

Several hedge funds have recently modified their holdings of OPI. Tidal Investments LLC bought a new position in Office Properties Income Trust in the fourth quarter valued at about $30,000. Tiptree Advisors LLC bought a new stake in Office Properties Income Trust during the 4th quarter worth about $49,000. Price T Rowe Associates Inc. MD lifted its position in Office Properties Income Trust by 40.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,041 shares of the company’s stock valued at $51,000 after purchasing an additional 14,800 shares during the period. Quadrature Capital Ltd bought a new position in shares of Office Properties Income Trust in the 3rd quarter valued at about $65,000. Finally, Barclays PLC grew its position in shares of Office Properties Income Trust by 20.6% during the 4th quarter. Barclays PLC now owns 100,361 shares of the company’s stock worth $101,000 after buying an additional 17,115 shares during the period. 64.41% of the stock is owned by institutional investors.

Office Properties Income Trust Company Profile

Office Properties Income Trust is a real estate investment trust. It owns, operates, and leases office buildings to single tenants and multi-tenant buildings. The company was founded on February 17, 2009 and is headquartered in Newton, MA.