Office Properties Income Trust (NASDAQ:OPI) Price Target Cut to $7.00

Office Properties Income Trust (NASDAQ:OPI - Free Report) had its target price lowered by B. Riley from $10.00 to $7.00 in a report published on Monday, Benzinga reports. B. Riley currently has a buy rating on the stock.

A number of other analysts have also weighed in on OPI. StockNews.com raised shares of Office Properties Income Trust from a sell rating to a hold rating in a research report on Thursday. Morgan Stanley reduced their target price on shares of Office Properties Income Trust from $1.80 to $1.60 and set an underweight rating on the stock in a research report on Thursday, March 28th.

Office Properties Income Trust Trading Down 3.8 %

Shares of NASDAQ:OPI traded down $0.11 during trading on Monday, reaching $2.76. The company's stock had a trading volume of 1,129,307 shares, compared to its average volume of 1,372,497. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 2.06. Office Properties Income Trust has a 12 month low of $1.81 and a 12 month high of $8.80. The firm's 50 day simple moving average is $2.14 and its two-hundred day simple moving average is $4.00. The stock has a market capitalization of $134.55 million, a PE ratio of -1.79, a price-to-earnings-growth ratio of 0.09 and a beta of 1.18.

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.81 by ($0.92). Office Properties Income Trust had a negative net margin of 13.72% and a negative return on equity of 5.76%. The business had revenue of $139.44 million during the quarter, compared to the consensus estimate of $128.28 million. During the same period in the previous year, the business posted $1.09 EPS. On average, research analysts predict that Office Properties Income Trust will post 2.85 EPS for the current fiscal year.

Office Properties Income Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, April 19th. Office Properties Income Trust's dividend payout ratio (DPR) is presently -2.60%.

Hedge Funds Weigh In On Office Properties Income Trust

Several institutional investors have recently bought and sold shares of OPI. EMC Capital Management increased its holdings in Office Properties Income Trust by 100.2% during the third quarter. EMC Capital Management now owns 7,513 shares of the company's stock valued at $31,000 after buying an additional 3,761 shares during the period. CWM LLC boosted its stake in Office Properties Income Trust by 217.2% in the fourth quarter. CWM LLC now owns 4,324 shares of the company's stock valued at $32,000 after acquiring an additional 2,961 shares in the last quarter. Allworth Financial LP boosted its stake in Office Properties Income Trust by 3,098.6% in the fourth quarter. Allworth Financial LP now owns 4,670 shares of the company's stock valued at $34,000 after acquiring an additional 4,524 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Office Properties Income Trust in the fourth quarter valued at approximately $37,000. Finally, Dark Forest Capital Management LP acquired a new stake in Office Properties Income Trust in the third quarter valued at approximately $41,000. 64.41% of the stock is owned by hedge funds and other institutional investors.

Office Properties Income Trust Company Profile

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.