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

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

Office Properties Income Trust Price Performance

Shares of Office Properties Income Trust stock opened at $0.33 on Friday. The company has a 50-day simple moving average of $0.71 and a two-hundred day simple moving average of $1.14. Office Properties Income Trust has a twelve month low of $0.33 and a twelve month high of $3.02. The stock has a market capitalization of $23.28 million, a price-to-earnings ratio of -0.15 and a beta of 1.58. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 2.20.

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

Office Properties Income Trust Announces Dividend

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

Institutional Investors Weigh In On Office Properties Income Trust

Large investors have recently bought and sold shares of the company. Tiptree Advisors LLC bought a new stake in shares of Office Properties Income Trust during the 4th quarter worth approximately $49,000. Two Sigma Investments LP raised its position in Office Properties Income Trust by 39.3% during the fourth quarter. Two Sigma Investments LP now owns 307,900 shares of the company’s stock valued at $308,000 after purchasing an additional 86,826 shares in the last quarter. Tidal Investments LLC acquired a new position in Office Properties Income Trust during the fourth quarter valued at approximately $30,000. MSD Partners L.P. bought a new stake in Office Properties Income Trust during the fourth quarter worth $5,052,000. Finally, Littlejohn & Co. LLC boosted its holdings in shares of Office Properties Income Trust by 154.0% in the 4th quarter. Littlejohn & Co. LLC now owns 230,897 shares of the company’s stock valued at $231,000 after purchasing an additional 140,000 shares in the last quarter. 64.41% of the stock is currently 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.