Analysts expect Office Properties Income Trust (NASDAQ:OPI – Get Rating) to announce earnings of $1.27 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Office Properties Income Trust’s earnings. The lowest EPS estimate is $1.26 and the highest is $1.28. Office Properties Income Trust posted earnings of $1.28 per share in the same quarter last year, which would suggest a negative year over year growth rate of 0.8%. The firm is expected to report its next earnings report after the market closes on Monday, January 1st.
On average, analysts expect that Office Properties Income Trust will report full-year earnings of $4.83 per share for the current financial year, with EPS estimates ranging from $4.70 to $4.90. For the next financial year, analysts expect that the firm will post earnings of $4.87 per share, with EPS estimates ranging from $4.54 to $5.10. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Office Properties Income Trust.
Office Properties Income Trust (NASDAQ:OPI – Get Rating) last announced its earnings results on Wednesday, February 16th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.71). Office Properties Income Trust had a negative return on equity of 0.53% and a negative net margin of 1.42%. The company had revenue of $147.29 million for the quarter, compared to analyst estimates of $145.32 million. During the same period in the previous year, the firm posted $1.28 earnings per share.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC purchased a new stake in Office Properties Income Trust in the 4th quarter valued at $25,000. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Office Properties Income Trust by 227.0% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,040 shares of the company’s stock valued at $26,000 after purchasing an additional 722 shares during the last quarter. Ahrens Investment Partners LLC purchased a new stake in shares of Office Properties Income Trust during the 4th quarter valued at $29,000. Lazard Asset Management LLC purchased a new stake in shares of Office Properties Income Trust during the 4th quarter valued at $34,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Office Properties Income Trust during the 4th quarter valued at $66,000. 73.93% of the stock is owned by institutional investors and hedge funds.
OPI stock opened at $22.95 on Wednesday. The stock has a 50-day simple moving average of $24.84. Office Properties Income Trust has a 1-year low of $22.58 and a 1-year high of $31.69. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -134.99 and a beta of 1.16.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 19th. Investors of record on Monday, April 25th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 9.59%. The ex-dividend date is Friday, April 22nd. Office Properties Income Trust’s payout ratio is currently -1,294.04%.
About Office Properties Income Trust (Get Rating)
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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