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$678.40 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date5/1/2020 (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 declared a quarterly dividend on Thursday, January 16th. Investors of record on Monday, January 27th will be paid a dividend of $0.55 per share on Thursday, February 20th. This represents a $2.20 dividend on an annualized basis and a yield of 7.55%. The ex-dividend date is Friday, January 24th. View Office Properties Income Trust's Dividend History.
How were Office Properties Income Trust's earnings last quarter?
Office Properties Income Trust (NASDAQ:OPI) released its quarterly earnings data on Thursday, February, 20th. The company reported $1.35 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.34 by $0.01. The business earned $160.18 million during the quarter, compared to the consensus estimate of $160.40 million. Office Properties Income Trust had a net margin of 4.47% and a return on equity of 1.77%. The company's revenue for the quarter was up 54.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.56 EPS. 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?
5 analysts have issued 12-month price objectives for Office Properties Income Trust's stock. Their forecasts range from $25.00 to $48.00. On average, they anticipate Office Properties Income Trust's share price to reach $32.20 in the next twelve months. This suggests a possible upside of 10.5% from the stock's current price. View Analyst Price Targets for Office Properties Income Trust.
What is the consensus analysts' recommendation for Office Properties Income Trust?
5 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, 3 hold ratings and 1 buy rating 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 articles about OPI stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Office Properties Income Trust earned a media sentiment score of 1.1 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Office Properties Income Trust.
Are investors shorting Office Properties Income Trust?
Office Properties Income Trust saw a increase in short interest in February. As of February 14th, there was short interest totalling 1,700,000 shares, an increase of 9.0% from the January 30th total of 1,560,000 shares. Based on an average trading volume of 237,600 shares, the short-interest ratio is currently 7.2 days. Approximately 3.6% of the shares of the stock are short sold. View Office Properties Income Trust's Current Options Chain.
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), FirstService (FSV), Terreno Realty (TRNO), Cushman & Wakefield (CWK), Colliers International Group (CIGI), Kennedy-Wilson (KW), Gazit Globe (GZTGF), Urban Edge Properties (UE), Shanghai Industrial (SGHIY), Innovative Industrial Properties (IIPR), Seritage Growth Properties (SRG), Getty Realty (GTY), Five Point (FPH), Armada Hoffler Properties (AHH) and Forestar Group (FOR).
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 number of of institutional and retail investors. Top institutional shareholders include State Street Corp (5.14%), LSV Asset Management (4.19%), Massachusetts Financial Services Co. MA (2.30%), Charles Schwab Investment Management Inc. (1.94%), Geode Capital Management LLC (1.75%) and Bank of New York Mellon Corp (1.51%).
Which institutional investors are selling Office Properties Income Trust stock?
OPI stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, State Street Corp, Prudential Financial Inc., J. L. Bainbridge & Co. Inc., Accident Compensation Corp, First Trust Advisors LP, Principal Financial Group Inc. and Pinebridge Investments L.P..
Which institutional investors are buying Office Properties Income Trust stock?
OPI stock was purchased by a variety of institutional investors in the last quarter, including LSV Asset Management, Renaissance Technologies LLC, AXA, Chicago Equity Partners LLC, Great West Life Assurance Co. Can, Charles Schwab Investment Management Inc., Martingale Asset Management L P and Massachusetts Financial Services Co. MA.
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 $29.13.
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.
