Office Properties Income Trust (NASDAQ:OPI) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund trimmed its holdings in Office Properties Income Trust (NASDAQ:OPI – Get Rating) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,475 shares of the company’s stock after selling 2,241 shares during the quarter. Texas Permanent School Fund owned 0.07% of Office Properties Income Trust worth $434,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. CWM LLC raised its position in shares of Office Properties Income Trust by 41.8% during the 4th quarter. CWM LLC now owns 2,843 shares of the company’s stock worth $38,000 after purchasing an additional 838 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Office Properties Income Trust by 104.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,442 shares of the company’s stock worth $62,000 after buying an additional 2,266 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Office Properties Income Trust during the 2nd quarter worth approximately $103,000. HBK Sorce Advisory LLC purchased a new position in shares of Office Properties Income Trust during the 3rd quarter worth approximately $110,000. Finally, Mutual of America Capital Management LLC boosted its position in shares of Office Properties Income Trust by 18.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 9,640 shares of the company’s stock worth $135,000 after purchasing an additional 1,507 shares during the period. 75.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on OPI shares. Royal Bank of Canada cut shares of Office Properties Income Trust from a “sector perform” rating to an “underperform” rating and decreased their price objective for the stock from $16.00 to $14.00 in a research report on Tuesday, March 7th. B. Riley dropped their price objective on shares of Office Properties Income Trust from $29.00 to $27.00 and set a “buy” rating on the stock in a research note on Tuesday, February 21st. Finally, StockNews.com assumed coverage on shares of Office Properties Income Trust in a research note on Thursday. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $17.33.

Office Properties Income Trust Stock Performance

Shares of OPI stock opened at $6.59 on Friday. The company’s fifty day simple moving average is $9.15 and its 200-day simple moving average is $13.31. Office Properties Income Trust has a 52 week low of $5.86 and a 52 week high of $21.50. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.83. The company has a market cap of $320.01 million, a PE ratio of 47.07 and a beta of 1.25.

Office Properties Income Trust (NASDAQ:OPI – Get Rating) last released its quarterly earnings results on Wednesday, February 15th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.97). The firm had revenue of $127.92 million for the quarter, compared to analyst estimates of $136.59 million. Office Properties Income Trust had a net margin of 1.27% and a return on equity of 0.49%. As a group, equities research analysts anticipate that Office Properties Income Trust will post 4.09 EPS for the current year.

Office Properties Income Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Investors of record on Monday, April 24th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 21st. This represents a $1.00 annualized dividend and a yield of 15.17%. Office Properties Income Trust’s dividend payout ratio is presently 714.34%.

About Office Properties Income Trust

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Office Properties Income Trust is a real estate investment trust. It owns, operates, and leases office buildings to single tenants and multi-tenant buildings. The company was founded on February 17, 2009 and is headquartered in Newton, MA.