Office Properties Income Trust (NASDAQ:OPI) Declares Quarterly Dividend of $0.01

Office Properties Income Trust (NASDAQ:OPI) declared a quarterly dividend on Thursday, January 16th,Wall Street Journal reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.01 per share on Thursday, February 20th. This represents a $0.04 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend is Monday, January 27th.

Office Properties Income Trust has decreased its dividend by an average of 73.7% annually over the last three years. Office Properties Income Trust has a dividend payout ratio of -1.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Office Properties Income Trust Trading Down 0.4 %

Shares of OPI stock opened at $0.92 on Friday. The stock has a fifty day moving average of $1.16 and a 200 day moving average of $1.78. Office Properties Income Trust has a 52 week low of $0.86 and a 52 week high of $4.06. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.82.

Office Properties Income Trust (NASDAQ:OPI) last announced its earnings results on Wednesday, October 30th. The company reported ($1.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($1.61). Office Properties Income Trust had a negative net margin of 4.75% and a negative return on equity of 1.92%. The company had revenue of $120.62 million for the quarter, compared to the consensus estimate of $119.93 million.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Office Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th.

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.