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

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) declared a quarterly dividend on Thursday, April 11th, Zacks reports. Investors of record on Monday, April 22nd will be given a dividend of 0.01 per share on Thursday, May 16th. This represents a $0.04 annualized dividend and a yield of 1.96%. The ex-dividend date is Friday, April 19th.

Office Properties Income Trust has decreased its dividend payment by an average of 16.1% annually over the last three years. Office Properties Income Trust has a dividend payout ratio of -1.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Office Properties Income Trust to earn $2.32 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 1.7%.

Office Properties Income Trust Trading Down 5.8 %

Shares of NASDAQ:OPI traded down $0.12 during trading on Friday, hitting $2.04. The company had a trading volume of 699,873 shares, compared to its average volume of 1,411,802. The stock has a market cap of $99.47 million, a price-to-earnings ratio of -1.42, a price-to-earnings-growth ratio of 0.06 and a beta of 1.20. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.27 and a quick ratio of 1.27. The company has a fifty day simple moving average of $2.61 and a two-hundred day simple moving average of $4.24. Office Properties Income Trust has a one year low of $1.81 and a one year high of $8.80.

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.98 by ($1.75). The company had revenue of $133.77 million during the quarter, compared to the consensus estimate of $133.03 million. Office Properties Income Trust had a negative return on equity of 5.28% and a negative net margin of 13.01%. As a group, equities analysts forecast that Office Properties Income Trust will post 2.85 earnings per share for the current year.

Institutional Trading of Office Properties Income Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of OPI. Bessemer Group Inc. purchased a new stake in shares of Office Properties Income Trust during the fourth quarter valued at $43,000. Tower Research Capital LLC TRC boosted its position in Office Properties Income Trust by 104.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,442 shares of the company's stock valued at $62,000 after buying an additional 2,266 shares during the period. Captrust Financial Advisors bought a new position in Office Properties Income Trust in the 2nd quarter worth about $103,000. Qube Research & Technologies Ltd purchased a new position in shares of Office Properties Income Trust during the third quarter worth approximately $27,000. Finally, Guggenheim Capital LLC purchased a new position in shares of Office Properties Income Trust during the first quarter worth approximately $205,000. Hedge funds and other institutional investors own 64.41% of the company's stock.

Wall Street Analyst Weigh In

OPI has been the subject of several analyst reports. StockNews.com lowered shares of Office Properties Income Trust from a "hold" rating to a "sell" rating in a report on Monday, February 19th. Morgan Stanley dropped their target price on Office Properties Income Trust from $1.80 to $1.60 and set an "underweight" rating for the company in a research report on Thursday, March 28th.

About Office Properties Income Trust

OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of December 31, 2023, approximately 64% of OPI's revenues were from investment grade rated tenants. OPI owned 152 properties as of December 31, 2023, with approximately 20.5 million square feet located in 30 states and Washington, DC In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year.