B. Riley Cuts Office Properties Income Trust (NASDAQ:OPI) Price Target to $38.00

Office Properties Income Trust (NASDAQ:OPI – Get Rating) had its price target dropped by analysts at B. Riley from $42.00 to $38.00 in a research note issued on Monday, The Fly reports. B. Riley’s price objective would indicate a potential upside of 77.99% from the stock’s previous close.

A number of other research firms have also weighed in on OPI. Zacks Investment Research lowered shares of Office Properties Income Trust from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th. StockNews.com downgraded shares of Office Properties Income Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 15th.

Shares of NASDAQ OPI traded down $0.27 during trading on Monday, hitting $21.35. 1,159 shares of the company traded hands, compared to its average volume of 295,971. The firm has a fifty day moving average of $24.65. Office Properties Income Trust has a fifty-two week low of $21.57 and a fifty-two week high of $31.69. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -17.36 and a beta of 1.16. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.63 and a quick ratio of 1.63.

Office Properties Income Trust (NASDAQ:OPI – Get Rating) last posted its earnings results on Wednesday, February 16th. The company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.71). Office Properties Income Trust had a negative return on equity of 3.94% and a negative net margin of 10.26%. The business had revenue of $147.29 million during the quarter, compared to analyst estimates of $145.32 million. During the same quarter in the prior year, the company earned $1.28 EPS. Analysts expect that Office Properties Income Trust will post 4.83 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the stock. CWM LLC purchased a new stake in Office Properties Income Trust in the 4th quarter worth approximately $25,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Office Properties Income Trust by 227.0% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,040 shares of the company’s stock worth $26,000 after purchasing an additional 722 shares in the last quarter. Ahrens Investment Partners LLC purchased a new stake in Office Properties Income Trust in the 4th quarter worth approximately $29,000. Lazard Asset Management LLC purchased a new stake in Office Properties Income Trust in the 4th quarter worth approximately $34,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in Office Properties Income Trust in the 4th quarter worth approximately $66,000. Institutional investors own 74.41% of the company’s stock.

Office Properties Income Trust Company Profile (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.

Featured Stories