Office Properties Income Trust (NASDAQ:OPI) Research Coverage Started at StockNews.com

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

Office Properties Income Trust Stock Down 6.2 %

Shares of NASDAQ:OPI opened at $0.38 on Friday. 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 firm has a market cap of $26.53 million, a price-to-earnings ratio of -0.17 and a beta of 1.58. The stock’s 50-day moving average price is $0.80 and its two-hundred day moving average price is $1.23. Office Properties Income Trust has a 12-month low of $0.38 and a 12-month high of $3.02.

Office Properties Income Trust (NASDAQ:OPI) last released its earnings results on Thursday, February 13th. The company reported $0.36 earnings per share (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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 10.53%. The ex-dividend date of this dividend was Monday, January 27th. Office Properties Income Trust’s payout ratio is currently -1.82%.

Institutional Investors Weigh In On Office Properties Income Trust

A number of large investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in Office Properties Income Trust by 40.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,041 shares of the company’s stock worth $51,000 after buying an additional 14,800 shares in the last quarter. Barclays PLC lifted its stake in shares of Office Properties Income Trust by 20.6% in the fourth quarter. Barclays PLC now owns 100,361 shares of the company’s stock worth $101,000 after acquiring an additional 17,115 shares in the last quarter. Jane Street Group LLC boosted its holdings in Office Properties Income Trust by 5.6% in the fourth quarter. Jane Street Group LLC now owns 360,790 shares of the company’s stock valued at $361,000 after purchasing an additional 19,135 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Office Properties Income Trust during the 3rd quarter valued at approximately $65,000. Finally, Tidal Investments LLC purchased a new position in shares of Office Properties Income Trust during the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds 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.