Wall Street brokerages expect Office Properties Income Trust (NASDAQ:OPI – Get Rating) to post earnings per share of $1.15 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Office Properties Income Trust’s earnings, with estimates ranging from $1.13 to $1.16. Office Properties Income Trust also reported earnings of $1.15 per share in the same quarter last year. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Office Properties Income Trust will report full-year earnings of $4.75 per share for the current fiscal year, with EPS estimates ranging from $4.68 to $4.88. For the next year, analysts forecast that the business will report earnings of $4.73 per share, with EPS estimates ranging from $4.54 to $4.96. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Office Properties Income Trust.
Office Properties Income Trust (NASDAQ:OPI – Get Rating) last announced its quarterly earnings results on Wednesday, February 16th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.71). Office Properties Income Trust had a negative net margin of 10.26% and a negative return on equity of 3.97%. The firm had revenue of $147.29 million during the quarter, compared to analysts’ expectations of $145.32 million. During the same quarter in the previous year, the firm posted $1.28 EPS.
Shares of OPI traded up $0.79 during midday trading on Tuesday, hitting $21.17. 10,088 shares of the company’s stock traded hands, compared to its average volume of 373,814. The firm’s fifty day moving average is $23.66 and its 200-day moving average is $24.79. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.77. Office Properties Income Trust has a 1 year low of $19.45 and a 1 year high of $31.69. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -17.15 and a beta of 1.17.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 19th. Stockholders of record on Monday, April 25th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 10.39%. The ex-dividend date is Friday, April 22nd. Office Properties Income Trust’s payout ratio is currently -178.86%.
A number of institutional investors have recently added to or reduced their stakes in the stock. CWM LLC acquired a new stake in Office Properties Income Trust in the 4th quarter valued at about $25,000. Mitsubishi UFJ Trust & Banking Corp raised 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 buying an additional 722 shares during the period. Ahrens Investment Partners LLC purchased a new position in Office Properties Income Trust in the fourth quarter worth approximately $29,000. Lazard Asset Management LLC purchased a new stake in Office Properties Income Trust in the 4th quarter valued at about $34,000. Finally, Cullen Frost Bankers Inc. purchased a new position in Office Properties Income Trust during the fourth quarter worth about $66,000. 74.41% of the stock is currently owned by hedge funds and other institutional investors.
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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