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. Combining the two companies creates a national office REIT with increased scale, enhanced tenant and geographic diversification, a well-laddered lease expiration schedule, a broader investment strategy, and a company with one of the highest percentages of rent paid by investment grade rated tenants in the office sector.
Industry, Sector and Symbol
Industry Real estate
Sub-IndustryN/A
SectorFinance
CIKN/A
Phone617-219-1440
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$426.56 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date2/27/2020 (Estimated)
OptionableOptionable
Office Properties Income Trust (NASDAQ:OPI) Frequently Asked Questions
What is Office Properties Income Trust's stock symbol?
Office Properties Income Trust trades on the NASDAQ under the ticker symbol "OPI."
How often does Office Properties Income Trust pay dividends? What is the dividend yield for Office Properties Income Trust?
Office Properties Income Trust announced a quarterly dividend on Thursday, October 17th. Shareholders of record on Monday, October 28th will be given a dividend of $0.55 per share on Thursday, November 14th. This represents a $2.20 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date is Friday, October 25th. View Office Properties Income Trust's Dividend History.
How were Office Properties Income Trust's earnings last quarter?
Office Properties Income Trust (NASDAQ:OPI) posted its quarterly earnings results on Friday, November, 1st. The company reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.38 by $0.07. The company earned $167.40 million during the quarter, compared to analysts' expectations of $165.07 million. Office Properties Income Trust had a negative return on equity of 4.29% and a negative net margin of 14.86%. Office Properties Income Trust's revenue for the quarter was up 57.8% on a year-over-year basis. View Office Properties Income Trust's Earnings History.
When is Office Properties Income Trust's next earnings date?
What price target have analysts set for OPI?
3 Wall Street analysts have issued 1 year target prices for Office Properties Income Trust's stock. Their forecasts range from $25.00 to $27.00. On average, they anticipate Office Properties Income Trust's stock price to reach $26.33 in the next year. This suggests that the stock has a possible downside of 20.0%. View Analyst Price Targets for Office Properties Income Trust.
What is the consensus analysts' recommendation for Office Properties Income Trust?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Office Properties Income Trust in the last year. There are currently 1 sell rating and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Office Properties Income Trust.
Has Office Properties Income Trust been receiving favorable news coverage?
News coverage about OPI stock has trended somewhat negative recently, InfoTrie Sentiment reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Office Properties Income Trust earned a news sentiment score of -1.7 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Office Properties Income Trust.
Who are some of Office Properties Income Trust's key competitors?
Some companies that are related to Office Properties Income Trust include Hudson Pacific Properties (HPP), Cushman & Wakefield (CWK), Terreno Realty (TRNO), FirstService (FSV), Kennedy-Wilson (KW), Colliers International Group (CIGI), Urban Edge Properties (UE), Gazit Globe (GZTGF), Shanghai Industrial (SGHIY), Seritage Growth Properties (SRG), Getty Realty (GTY), Armada Hoffler Properties (AHH), Five Point (FPH), Forestar Group (FOR) and Innovative Industrial Properties (IIPR).
What other stocks do shareholders of Office Properties Income Trust own?
Who are Office Properties Income Trust's key executives?
Office Properties Income Trust's management team includes the folowing people:
- Mr. David M. Blackman, Pres, CEO & Managing Trustee (Age 56)
- Mr. Adam David Portnoy, Managing Trustee (Age 49)
- Mr. Jeffrey C. Leer, CFO & Treasurer (Age 39)
- Mr. Brad Shepherd, Sr. Director, Investor Relations
- Ms. Jennifer Babbin Clark, Sec. (Age 57)
Who are Office Properties Income Trust's major shareholders?
Office Properties Income Trust's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include State Street Corp (5.48%), Massachusetts Financial Services Co. MA (2.18%), Garner Asset Management Corp (0.44%), Rhumbline Advisers (0.34%), California Public Employees Retirement System (0.25%) and First Trust Advisors LP (0.17%).
Which major investors are selling Office Properties Income Trust stock?
OPI stock was sold by a variety of institutional investors in the last quarter, including Barclays PLC, Systematic Financial Management LP, Nisa Investment Advisors LLC, Rhumbline Advisers, SG Americas Securities LLC, Strs Ohio, Camelot Portfolios LLC and Garner Asset Management Corp.
Which major investors are buying Office Properties Income Trust stock?
OPI stock was bought by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, State Street Corp, First Trust Advisors LP, California Public Employees Retirement System, Wakefield Asset Management LLLP, Cambridge Investment Research Advisors Inc., Meeder Asset Management Inc. and Sumitomo Mitsui Trust Holdings Inc..
How do I buy shares of Office Properties Income Trust?
Shares of OPI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Office Properties Income Trust's stock price today?
One share of OPI stock can currently be purchased for approximately $32.92.
How big of a company is Office Properties Income Trust?
What is Office Properties Income Trust's official website?
How can I contact Office Properties Income Trust?
Office Properties Income Trust's mailing address is TWO NEWTON PLACE 255 WASHINGTON STREET SUITE 300, NEWTON MA, 02458. The company can be reached via phone at 617-219-1440 or via email at [email protected]
MarketBeat Community Rating for Office Properties Income Trust (NASDAQ OPI)
MarketBeat's community ratings are surveys of what our community members think about Office Properties Income Trust and other stocks. Vote "Outperform" if you believe OPI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OPI will underperform the S&P 500 over the long term. You may vote once every thirty days.
