Equities analysts expect Office Properties Income Trust (NASDAQ:OPI – Get Rating) to post sales of $148.12 million for the current quarter, according to Zacks. Two analysts have issued estimates for Office Properties Income Trust’s earnings. The lowest sales estimate is $146.03 million and the highest is $150.21 million. Office Properties Income Trust posted sales of $144.52 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.5%. The business is expected to announce its next earnings results after the market closes on Monday, January 1st.
On average, analysts expect that Office Properties Income Trust will report full-year sales of $576.64 million for the current fiscal year, with estimates ranging from $568.91 million to $584.36 million. For the next year, analysts forecast that the firm will report sales of $577.82 million, with estimates ranging from $556.67 million to $598.97 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Office Properties Income Trust.
Office Properties Income Trust (NASDAQ:OPI – Get Rating) last released its quarterly earnings results on Wednesday, February 16th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $147.29 million for the quarter, compared to the consensus estimate of $145.32 million. During the same quarter in the previous year, the business posted $1.28 EPS.
Office Properties Income Trust stock opened at $22.46 on Friday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.63 and a current ratio of 1.63. Office Properties Income Trust has a 52-week low of $22.07 and a 52-week high of $31.69. The firm has a 50 day moving average price of $24.72 and a two-hundred day moving average price of $25.30. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -132.11 and a beta of 1.16.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 19th. Stockholders of record on Monday, April 25th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 9.80%. The ex-dividend date is Friday, April 22nd. Office Properties Income Trust’s dividend payout ratio is currently -1,294.04%.
Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC purchased a new position in Office Properties Income Trust during the fourth quarter worth about $25,000. Mitsubishi UFJ Trust & Banking Corp raised its position in Office Properties Income Trust by 227.0% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,040 shares of the company’s stock worth $26,000 after acquiring an additional 722 shares during the period. Ahrens Investment Partners LLC bought a new stake in Office Properties Income Trust in the fourth quarter worth about $29,000. Lazard Asset Management LLC bought a new stake in Office Properties Income Trust in the fourth quarter worth about $34,000. Finally, Cullen Frost Bankers Inc. bought a new stake in Office Properties Income Trust in the fourth quarter worth about $66,000. Institutional investors and hedge funds own 73.93% of the company’s stock.
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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