Shares of Office Properties Income Trust (NASDAQ:OPI) have received an average broker rating score of 2.80 (Hold) from the five brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a strong buy recommendation to the company. Office Properties Income Trust’s rating score has improved by 6.7% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 1-year consensus price objective of $31.60 for the company and are forecasting that the company will post $1.31 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Office Properties Income Trust an industry rank of 89 out of 256 based on the ratings given to its competitors.
A number of research firms have commented on OPI. Morgan Stanley began coverage on shares of in a report on Monday, June 17th. They issued an “equal weight” rating and a GBX 215 ($2.81) price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 670 ($8.75) price objective on shares of in a report on Friday, June 28th. Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Jefferies Financial Group set a €8.10 ($9.42) price target on shares of Commerzbank and gave the stock a “neutral” rating in a report on Wednesday, May 8th.
A number of institutional investors have recently bought and sold shares of OPI. Public Employees Retirement System of Ohio acquired a new stake in Office Properties Income Trust in the 4th quarter valued at approximately $39,000. Pensionfund DSM Netherlands purchased a new position in Office Properties Income Trust in the 1st quarter valued at approximately $904,000. Pensionfund Sabic purchased a new position in Office Properties Income Trust in the 1st quarter valued at approximately $351,000. Sound Income Strategies LLC purchased a new position in Office Properties Income Trust in the 1st quarter valued at approximately $35,000. Finally, State of Alaska Department of Revenue purchased a new position in Office Properties Income Trust in the 1st quarter valued at approximately $878,000. Hedge funds and other institutional investors own 66.52% of the company’s stock.
Shares of OPI stock traded down $0.25 during mid-day trading on Friday, hitting $26.24. 240,500 shares of the stock were exchanged, compared to its average volume of 380,423. The stock’s fifty day moving average price is $25.80. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.18 and a current ratio of 1.18. Office Properties Income Trust has a 52-week low of $23.36 and a 52-week high of $68.84. The company has a market capitalization of $1.27 billion, a P/E ratio of 3.30, a PEG ratio of 1.00 and a beta of 1.65.
Office Properties Income Trust (NASDAQ:OPI) last posted its earnings results on Friday, May 3rd. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.16. Office Properties Income Trust had a net margin of 1.13% and a return on equity of 0.95%. The business had revenue of $174.80 million for the quarter, compared to analyst estimates of $177.83 million. During the same period in the prior year, the company posted $2.18 EPS. The company’s revenue for the quarter was up 60.8% on a year-over-year basis. On average, equities research analysts anticipate that Office Properties Income Trust will post 5.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 29th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, July 26th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 8.38%. Office Properties Income Trust’s dividend payout ratio is currently 27.67%.
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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