Office Properties Income Trust (OPI) Lifted to Buy at Zacks Investment Research

Office Properties Income Trust (NASDAQ:OPI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, Zacks.com reports. The firm currently has a $30.00 price objective on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 10.01% from the stock’s current price.

According to Zacks, “Office Properties Income Trust is a real estate investment trust. It owns buildings primarily leased to single tenants as well as government entities. Office Properties Income Trust, formerly known as Government Properties Income Trust, is based in Newton, United States. “

Several other brokerages also recently weighed in on OPI. Jefferies Financial Group raised shares of Office Properties Income Trust from an “underperform” rating to a “hold” rating and boosted their target price for the company from $23.00 to $25.00 in a research note on Wednesday, May 8th. They noted that the move was a valuation call. ValuEngine downgraded shares of Office Properties Income Trust from a “sell” rating to a “strong sell” rating in a research note on Friday, March 1st. Finally, Royal Bank of Canada cut their target price on shares of Office Properties Income Trust to $27.00 and set an “underperform” rating for the company in a research note on Wednesday, March 13th.

Office Properties Income Trust stock opened at $27.27 on Tuesday. Office Properties Income Trust has a 52 week low of $25.05 and a 52 week high of $68.84. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $1.28 billion, a P/E ratio of 3.43, a price-to-earnings-growth ratio of 1.01 and a beta of 1.65.

Office Properties Income Trust (NASDAQ:OPI) last released its quarterly earnings data on Thursday, February 28th. The company reported ($1.58) EPS for the quarter, missing the consensus estimate of $1.29 by ($2.87). Office Properties Income Trust had a return on equity of 0.95% and a net margin of 1.13%. The business had revenue of $103.66 million during the quarter, compared to analysts’ expectations of $90.22 million. Analysts forecast that Office Properties Income Trust will post 5.27 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in OPI. Capital Investment Advisory Services LLC acquired a new position in shares of Office Properties Income Trust during the 1st quarter valued at about $27,000. Versant Capital Management Inc acquired a new position in shares of Office Properties Income Trust during the 1st quarter valued at about $29,000. Sound Income Strategies LLC acquired a new position in shares of Office Properties Income Trust during the 1st quarter valued at about $35,000. Public Employees Retirement System of Ohio acquired a new position in shares of Office Properties Income Trust during the 4th quarter valued at about $39,000. Finally, LS Investment Advisors LLC acquired a new position in shares of Office Properties Income Trust during the 1st quarter valued at about $39,000.

About Office Properties Income Trust

Office Properties Income Trust is a real estate investment trust, or REIT, which owns buildings primarily leased to single tenants and those with high credit quality characteristics like government entities. In December 2018, our predecessor company Government Properties Income Trust, or GOV, merged with Select Income REIT, or SIR, and the combined company was renamed Office Properties Income Trust, or OPI.

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