Office Properties Income Trust (NASDAQ:OPI) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Office Properties Income Trust (NASDAQ:OPI) in a report released on Friday. The firm issued a hold rating on the stock.

Office Properties Income Trust Stock Performance

NASDAQ:OPI opened at $0.38 on Friday. The firm has a market capitalization of $26.53 million, a PE ratio of -0.17 and a beta of 1.58. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 2.20. Office Properties Income Trust has a 1 year low of $0.38 and a 1 year high of $3.02. The firm’s fifty day simple moving average is $0.80 and its 200 day simple moving average is $1.25.

Office Properties Income Trust (NASDAQ:OPI) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.61) by $0.97. Office Properties Income Trust had a negative return on equity of 10.86% and a negative net margin of 27.11%. The company had revenue of $118.24 million for the quarter.

Office Properties Income Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were given a $0.01 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $0.04 annualized dividend and a dividend yield of 10.53%. Office Properties Income Trust’s dividend payout ratio is -1.82%.

Hedge Funds Weigh In On Office Properties Income Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC acquired a new stake in Office Properties Income Trust in the 4th quarter worth $30,000. Tiptree Advisors LLC bought a new stake in shares of Office Properties Income Trust in the fourth quarter valued at about $49,000. Price T Rowe Associates Inc. MD grew its position in Office Properties Income Trust by 40.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 51,041 shares of the company’s stock worth $51,000 after buying an additional 14,800 shares in the last quarter. Quadrature Capital Ltd bought a new position in Office Properties Income Trust during the third quarter valued at about $65,000. Finally, Barclays PLC raised its holdings in Office Properties Income Trust by 20.6% in the 4th quarter. Barclays PLC now owns 100,361 shares of the company’s stock valued at $101,000 after acquiring an additional 17,115 shares in the last quarter. Institutional investors own 64.41% of the company’s stock.

Office Properties Income Trust Company Profile

Office Properties Income Trust is a real estate investment trust. It owns, operates, and leases office buildings to single tenants and multi-tenant buildings. The company was founded on February 17, 2009 and is headquartered in Newton, MA.