Office Properties Income Trust (NASDAQ:OPI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Office Properties Income Trust (NASDAQ:OPI) in a research report report published on Friday. The brokerage issued a hold rating on the stock.

Office Properties Income Trust Stock Down 6.2 %

NASDAQ:OPI opened at $0.38 on Friday. The firm has a market capitalization of $26.53 million, a PE ratio of -0.17 and a beta of 1.58. Office Properties Income Trust has a 52 week low of $0.38 and a 52 week high of $3.02. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 2.20. The stock has a 50 day moving average of $0.80 and a 200-day moving average of $1.23.

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

Office Properties Income Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 10.53%. The ex-dividend date was Monday, January 27th. Office Properties Income Trust’s dividend payout ratio (DPR) is -1.82%.

Institutional Trading of Office Properties Income Trust

Several hedge funds have recently added to or reduced their stakes in OPI. Quadrature Capital Ltd acquired a new position in shares of Office Properties Income Trust during the third quarter valued at $65,000. Jane Street Group LLC lifted its stake in shares of Office Properties Income Trust by 47.1% in the 3rd quarter. Jane Street Group LLC now owns 341,655 shares of the company’s stock worth $745,000 after acquiring an additional 109,344 shares during the period. Barclays PLC boosted its holdings in shares of Office Properties Income Trust by 141.7% in the third quarter. Barclays PLC now owns 83,246 shares of the company’s stock valued at $182,000 after acquiring an additional 48,807 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Office Properties Income Trust by 1,375.5% during the third quarter. JPMorgan Chase & Co. now owns 614,565 shares of the company’s stock valued at $1,340,000 after acquiring an additional 572,913 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Office Properties Income Trust by 6.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 593,233 shares of the company’s stock worth $593,000 after purchasing an additional 36,126 shares in the last quarter. Institutional investors own 64.41% of the company’s stock.

About Office Properties Income Trust

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.