Pacific Ridge Capital Partners LLC Has $1.87 Million Position in Office Properties Income Trust (NASDAQ:OPI)

Pacific Ridge Capital Partners LLC lifted its position in Office Properties Income Trust (NASDAQ:OPI) by 50.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,866,238 shares of the company’s stock after acquiring an additional 626,339 shares during the period. Pacific Ridge Capital Partners LLC owned approximately 3.35% of Office Properties Income Trust worth $1,866,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrature Capital Ltd bought a new position in shares of Office Properties Income Trust during the third quarter worth $65,000. Catalyst Funds Management Pty Ltd lifted its holdings in Office Properties Income Trust by 1,172.0% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 122,116 shares of the company’s stock worth $122,000 after acquiring an additional 112,516 shares in the last quarter. Barclays PLC grew its stake in 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 during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Office Properties Income Trust by 6.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 593,233 shares of the company’s stock worth $593,000 after acquiring an additional 36,126 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of Office Properties Income Trust by 47.1% during the third quarter. Jane Street Group LLC now owns 341,655 shares of the company’s stock worth $745,000 after purchasing an additional 109,344 shares during the period. Institutional investors own 64.41% of the company’s stock.

Office Properties Income Trust Trading Down 10.7 %

OPI opened at $0.49 on Thursday. The stock has a market capitalization of $34.55 million, a P/E ratio of -0.22 and a beta of 1.25. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 2.20. Office Properties Income Trust has a 12 month low of $0.44 and a 12 month high of $3.02. The firm’s fifty day simple moving average is $0.86 and its 200 day simple moving average is $1.33.

Office Properties Income Trust (NASDAQ:OPI) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.97. The company 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were paid a dividend of $0.01 per share. The ex-dividend date was Monday, January 27th. This represents a $0.04 annualized dividend and a dividend yield of 8.08%. Office Properties Income Trust’s dividend payout ratio is currently -1.82%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Office Properties Income Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th.

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.