Sunbelt Securities Inc. acquired a new position in Office Properties Income Trust (NASDAQ:OPI) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,008 shares of the company’s stock, valued at approximately $215,000.
Several other large investors have also recently made changes to their positions in OPI. FMR LLC acquired a new stake in shares of Office Properties Income Trust during the 1st quarter valued at about $95,000. First Trust Advisors LP acquired a new position in Office Properties Income Trust in the first quarter worth about $1,989,000. Amundi Pioneer Asset Management Inc. bought a new position in Office Properties Income Trust during the first quarter worth about $669,000. Arizona State Retirement System lifted its stake in Office Properties Income Trust by 0.6% during the second quarter. Arizona State Retirement System now owns 74,598 shares of the company’s stock worth $1,960,000 after purchasing an additional 420 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Office Properties Income Trust by 83.9% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 56,542 shares of the company’s stock worth $1,485,000 after purchasing an additional 25,804 shares during the period. 71.19% of the stock is currently owned by institutional investors.
Several equities research analysts have recently weighed in on OPI shares. ValuEngine lowered Office Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Zacks Investment Research downgraded Office Properties Income Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average target price of $27.50.
Shares of NASDAQ OPI opened at $32.92 on Tuesday. The stock has a market cap of $1.60 billion, a PE ratio of 4.14 and a beta of 1.67. The business has a fifty day moving average of $32.24 and a two-hundred day moving average of $28.45. Office Properties Income Trust has a 52-week low of $23.36 and a 52-week high of $35.62. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.21 and a current ratio of 1.21.
Office Properties Income Trust (NASDAQ:OPI) last posted its earnings results on Friday, November 1st. The company reported $1.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.07. The business had revenue of $167.40 million for the quarter, compared to analyst estimates of $165.07 million. Office Properties Income Trust had a negative net margin of 14.86% and a negative return on equity of 4.29%. The company’s revenue was up 57.8% on a year-over-year basis. Analysts predict that Office Properties Income Trust will post 5.94 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 6.68%. The ex-dividend date was Friday, October 25th. Office Properties Income Trust’s dividend payout ratio is currently 27.67%.
Office Properties Income Trust Company Profile
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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