Office Properties Income Trust (NASDAQ:OPI) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC decreased its stake in Office Properties Income Trust (NASDAQ:OPI) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,140 shares of the company’s stock after selling 717 shares during the period. Capital Investment Advisors LLC’s holdings in Office Properties Income Trust were worth $915,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Schroder Investment Management Group acquired a new position in Office Properties Income Trust during the first quarter valued at approximately $66,000. FMR LLC bought a new position in shares of Office Properties Income Trust during the first quarter worth about $95,000. Advisory Services Network LLC bought a new position in shares of Office Properties Income Trust during the second quarter worth about $120,000. Mutual of America Capital Management LLC lifted its holdings in Office Properties Income Trust by 6.4% in the second quarter. Mutual of America Capital Management LLC now owns 6,869 shares of the company’s stock worth $201,000 after purchasing an additional 416 shares during the period. Finally, Private Advisor Group LLC acquired a new stake in Office Properties Income Trust in the 2nd quarter valued at about $261,000. Hedge funds and other institutional investors own 75.80% of the company’s stock.

NASDAQ:OPI opened at $25.72 on Thursday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of -46.76 and a beta of 1.24. Office Properties Income Trust has a twelve month low of $22.10 and a twelve month high of $31.69. The business’s 50 day moving average is $26.27.

Office Properties Income Trust (NASDAQ:OPI) last announced its quarterly earnings data on Thursday, October 28th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($1.13). Office Properties Income Trust had a negative return on equity of 1.71% and a negative net margin of 4.65%. The business had revenue of $147.57 million for the quarter, compared to the consensus estimate of $138.72 million. During the same quarter in the prior year, the company earned $1.30 earnings per share. As a group, equities research analysts forecast that Office Properties Income Trust will post 4.59 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 18th. Stockholders of record on Monday, October 25th were issued a $0.55 dividend. The ex-dividend date was Friday, October 22nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 8.55%. Office Properties Income Trust’s dividend payout ratio is presently -400.00%.

OPI has been the topic of a number of research reports. Zacks Investment Research downgraded Office Properties Income Trust from a “buy” rating to a “hold” rating in a report on Friday, October 29th. Morgan Stanley reduced their target price on Office Properties Income Trust from $24.00 to $22.00 and set an “underweight” rating for the company in a research report on Thursday, September 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $29.80.

Office Properties Income Trust Profile

Office Properties Income Trust 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.

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

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