Office Properties Income Trust (NASDAQ:OPI) Now Covered by StockNews.com

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

Office Properties Income Trust Price Performance

Office Properties Income Trust stock opened at $0.33 on Friday. The company has a market capitalization of $23.28 million, a PE ratio of -0.15 and a beta of 1.58. 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 price of $0.71 and a two-hundred day moving average price of $1.14. Office Properties Income Trust has a 12 month low of $0.33 and a 12 month high of $3.02.

Office Properties Income Trust (NASDAQ:OPI) last posted its earnings results on Thursday, February 13th. The company reported $0.36 EPS for the quarter, topping the consensus estimate 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 business had revenue of $118.24 million for the quarter.

Office Properties Income Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd will be issued a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 12.00%. Office Properties Income Trust’s payout ratio is -1.82%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC bought a new position in shares of Office Properties Income Trust during the fourth quarter worth about $30,000. Tiptree Advisors LLC acquired a new stake in Office Properties Income Trust during the 4th quarter valued at approximately $49,000. Price T Rowe Associates Inc. MD raised its holdings 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 worth $51,000 after purchasing an additional 14,800 shares during the last quarter. Barclays PLC lifted its position in shares of Office Properties Income Trust by 20.6% in the 4th quarter. Barclays PLC now owns 100,361 shares of the company’s stock worth $101,000 after purchasing an additional 17,115 shares during the period. Finally, Catalyst Funds Management Pty Ltd lifted its position in shares of Office Properties Income Trust by 1,172.0% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 122,116 shares of the company’s stock worth $122,000 after purchasing an additional 112,516 shares during the period. 64.41% of the stock is owned by institutional investors and hedge funds.

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.