Office Properties Income Trust (NASDAQ:OPI) Issues Earnings Results, Misses Estimates By $0.92 EPS

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) released its quarterly earnings results on Wednesday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.81 by ($0.92), Zacks reports. Office Properties Income Trust had a negative return on equity of 5.28% and a negative net margin of 13.01%. The company had revenue of $139.44 million for the quarter, compared to analysts' expectations of $128.28 million. During the same period in the prior year, the business earned $1.09 EPS.

Office Properties Income Trust Trading Up 28.0 %

OPI traded up $0.56 during trading on Thursday, hitting $2.56. The company's stock had a trading volume of 6,015,215 shares, compared to its average volume of 1,349,055. The firm's 50 day moving average price is $2.14 and its 200-day moving average price is $4.03. 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 stock has a market cap of $124.83 million, a PE ratio of -1.78, a PEG ratio of 0.06 and a beta of 1.17. Office Properties Income Trust has a twelve month low of $1.81 and a twelve month high of $8.80.

Office Properties Income Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.04 annualized dividend and a yield of 1.56%. Office Properties Income Trust's dividend payout ratio (DPR) is presently -2.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Morgan Stanley lowered their price objective on Office Properties Income Trust from $1.80 to $1.60 and set an "underweight" rating on the stock in a report on Thursday, March 28th. StockNews.com lowered Office Properties Income Trust from a "hold" rating to a "sell" rating in a report on Monday, February 19th.

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.