Office Properties Income Trust (NASDAQ:OPI – Free Report) – Stock analysts at B. Riley issued their Q2 2024 earnings per share (EPS) estimates for Office Properties Income Trust in a research note issued to investors on Wednesday, November 1st. B. Riley analyst B. Maher anticipates that the company will post earnings per share of $0.98 for the quarter. B. Riley currently has a “Buy” rating and a $17.00 target price on the stock. The consensus estimate for Office Properties Income Trust’s current full-year earnings is $4.18 per share. B. Riley also issued estimates for Office Properties Income Trust’s FY2024 earnings at $3.75 EPS.
A number of other research firms have also recently weighed in on OPI. Morgan Stanley restated an “underweight” rating and issued a $5.00 price target on shares of Office Properties Income Trust in a research note on Wednesday, July 19th. StockNews.com upgraded Office Properties Income Trust from a “sell” rating to a “hold” rating in a research note on Friday.
Office Properties Income Trust Stock Up 8.7 %
Office Properties Income Trust stock opened at $5.48 on Friday. Office Properties Income Trust has a 1-year low of $3.75 and a 1-year high of $18.10. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.30 and a quick ratio of 1.29. The stock has a market cap of $267.18 million, a PE ratio of -10.15, a P/E/G ratio of 0.09 and a beta of 1.27. The stock’s fifty day moving average is $5.14 and its two-hundred day moving average is $6.57.
Institutional Trading of Office Properties Income Trust
A number of large investors have recently made changes to their positions in the stock. CTC Alternative Strategies Ltd. acquired a new stake in shares of Office Properties Income Trust during the third quarter valued at $64,000. Mackenzie Financial Corp acquired a new stake in Office Properties Income Trust in the 3rd quarter worth about $57,000. SG Americas Securities LLC acquired a new stake in Office Properties Income Trust in the 3rd quarter worth about $85,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Office Properties Income Trust in the 3rd quarter worth about $1,649,000. Finally, Comerica Bank acquired a new stake in Office Properties Income Trust in the 2nd quarter worth about $3,890,000. Institutional investors and hedge funds own 75.42% of the company’s stock.
Office Properties Income Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, October 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 18.25%. The ex-dividend date is Friday, October 20th. Office Properties Income Trust’s payout ratio is currently -185.19%.
Office Properties Income Trust Company Profile
OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of June 30, 2023, approximately 63% of OPI's revenues were from investment grade rated tenants. OPI owned and leased 155 properties as of June 30, 2023, with approximately 20.8 million square feet located in 30 states and Washington, DC In 2023, OPI was named as an Energy Star Partner of the Year for the sixth consecutive year.
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