Research Analysts Issue Forecasts for OPI FY2024 Earnings

Office Properties Income Trust (NASDAQ:OPI) – Stock analysts at B. Riley dropped their FY2024 earnings per share estimates for shares of Office Properties Income Trust in a research note issued on Wednesday, November 27th. B. Riley analyst B. Maher now forecasts that the company will earn $2.15 per share for the year, down from their previous estimate of $2.16. The consensus estimate for Office Properties Income Trust’s current full-year earnings is $2.26 per share. B. Riley also issued estimates for Office Properties Income Trust’s Q4 2024 earnings at $0.33 EPS, Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.32 EPS, Q1 2026 earnings at $0.38 EPS and FY2026 earnings at $1.49 EPS.

Office Properties Income Trust (NASDAQ:OPI) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($1.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($1.61). Office Properties Income Trust had a negative net margin of 4.75% and a negative return on equity of 1.92%. The business had revenue of $120.62 million for the quarter, compared to the consensus estimate of $119.93 million.

Separately, StockNews.com lowered shares of Office Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th.

Office Properties Income Trust Price Performance

Shares of NASDAQ:OPI opened at $1.56 on Thursday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.89 and a current ratio of 1.89. The firm has a market cap of $87.02 million, a price-to-earnings ratio of -3.47 and a beta of 1.18. The business has a 50-day simple moving average of $1.76 and a two-hundred day simple moving average of $2.09. Office Properties Income Trust has a fifty-two week low of $1.06 and a fifty-two week high of $7.53.

Office Properties Income Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were paid a $0.01 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.56%. Office Properties Income Trust’s dividend payout ratio (DPR) is currently -8.89%.

Institutional Trading of Office Properties Income Trust

Large investors have recently modified their holdings of the company. Barclays PLC boosted its position in Office Properties Income Trust by 141.7% in the third quarter. Barclays PLC now owns 83,246 shares of the company’s stock worth $182,000 after purchasing an additional 48,807 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Office Properties Income Trust by 47.1% in the 3rd quarter. Jane Street Group LLC now owns 341,655 shares of the company’s stock worth $745,000 after purchasing an additional 109,344 shares during the period. Quadrature Capital Ltd bought a new position in shares of Office Properties Income Trust in the 3rd quarter worth approximately $65,000. RBF Capital LLC boosted its holdings in shares of Office Properties Income Trust by 16.3% in the third quarter. RBF Capital LLC now owns 590,366 shares of the company’s stock worth $1,287,000 after buying an additional 82,872 shares during the last quarter. Finally, Littlejohn & Co. LLC bought a new stake in Office Properties Income Trust during the third quarter valued at approximately $198,000. Institutional investors own 64.41% of the company’s stock.

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.