GSA Capital Partners LLP Takes Position in Office Properties Income Trust (NASDAQ:OPI)

GSA Capital Partners LLP bought a new position in Office Properties Income Trust (NASDAQ:OPI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 322,729 shares of the company’s stock, valued at approximately $704,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OPI. Point72 DIFC Ltd bought a new position in shares of Office Properties Income Trust in the second quarter worth about $34,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Office Properties Income Trust in the 2nd quarter valued at approximately $145,000. Susquehanna Fundamental Investments LLC increased its position in Office Properties Income Trust by 104.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 141,726 shares of the company’s stock worth $289,000 after buying an additional 72,530 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Office Properties Income Trust during the second quarter worth approximately $179,000. Finally, Marshall Wace LLP bought a new stake in shares of Office Properties Income Trust in the second quarter valued at approximately $161,000. Institutional investors and hedge funds own 64.41% of the company’s stock.

Analysts Set New Price Targets

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

Office Properties Income Trust Trading Down 3.2 %

Shares of OPI opened at $1.21 on Monday. The stock’s 50-day moving average price is $1.90 and its 200 day moving average price is $2.15. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $67.50 million, a price-to-earnings ratio of -2.69 and a beta of 1.18. Office Properties Income Trust has a 12-month low of $1.18 and a 12-month high of $7.53.

Office Properties Income Trust (NASDAQ:OPI) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($1.14) earnings per share for the quarter, missing the consensus estimate of $0.47 by ($1.61). The firm had revenue of $120.62 million for the quarter, compared to analyst estimates of $119.93 million. Office Properties Income Trust had a negative return on equity of 1.92% and a negative net margin of 4.75%. As a group, research analysts predict that Office Properties Income Trust will post 2.26 earnings per share for the current year.

Office Properties Income Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Monday, October 28th. Office Properties Income Trust’s dividend payout ratio (DPR) is presently -8.89%.

About Office Properties Income Trust

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.