American International Group Inc. Trims Holdings in Office Properties Income Trust (NASDAQ:OPI)

American International Group Inc. reduced its holdings in shares of Office Properties Income Trust (NASDAQ:OPI) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,896 shares of the company’s stock after selling 365 shares during the quarter. American International Group Inc. owned 0.07% of Office Properties Income Trust worth $878,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Veriti Management LLC purchased a new position in shares of Office Properties Income Trust during the 4th quarter valued at approximately $42,000. Van ECK Associates Corp boosted its stake in shares of Office Properties Income Trust by 33.2% during the 4th quarter. Van ECK Associates Corp now owns 1,922 shares of the company’s stock valued at $44,000 after buying an additional 479 shares during the last quarter. FMR LLC purchased a new position in shares of Office Properties Income Trust during the 1st quarter valued at approximately $95,000. The PNC Financial Services Group Inc. boosted its stake in shares of Office Properties Income Trust by 570.5% during the 1st quarter. The PNC Financial Services Group Inc. now owns 7,825 shares of the company’s stock valued at $216,000 after buying an additional 6,658 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of Office Properties Income Trust during the 1st quarter valued at approximately $216,000. Institutional investors own 75.81% of the company’s stock.

Shares of NASDAQ OPI opened at $31.35 on Friday. Office Properties Income Trust has a 1-year low of $17.62 and a 1-year high of $31.69. The company has a debt-to-equity ratio of 1.36, a current ratio of 3.22 and a quick ratio of 3.22. The stock has a fifty day moving average of $28.34. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 44.79 and a beta of 1.31.

Office Properties Income Trust (NASDAQ:OPI) last issued its earnings results on Thursday, April 29th. The company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.46). Office Properties Income Trust had a return on equity of 2.06% and a net margin of 5.78%. The company had revenue of $144.52 million during the quarter, compared to analyst estimates of $144.10 million. On average, equities research analysts predict that Office Properties Income Trust will post 4.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 20th. Shareholders of record on Monday, April 26th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 7.02%. The ex-dividend date was Friday, April 23rd. Office Properties Income Trust’s dividend payout ratio is presently 40.82%.

Several equities research analysts recently issued reports on the company. Morgan Stanley upped their price target on Office Properties Income Trust from $23.00 to $24.00 and gave the company an “underweight” rating in a research report on Monday, April 19th. Zacks Investment Research raised Office Properties Income Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. Mizuho upped their price target on Office Properties Income Trust from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, April 1st. Finally, Royal Bank of Canada upped their price target on Office Properties Income Trust from $24.00 to $29.00 and gave the company a “sector perform” rating in a research report on Monday, March 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $29.25.

Office Properties Income Trust Profile

OPI is a REIT focused on owning, operating and leasing properties primarily leased to single tenants and those with high credit quality characteristics such as government entities. OPI is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.

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Institutional Ownership by Quarter for Office Properties Income Trust (NASDAQ:OPI)

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