Office Properties Income Trust (NASDAQ:OPI) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its stake in Office Properties Income Trust (NASDAQ:OPI) by 14.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,556 shares of the company’s stock after selling 11,741 shares during the period. Asset Management One Co. Ltd. owned 0.15% of Office Properties Income Trust worth $536,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Qube Research & Technologies Ltd acquired a new position in Office Properties Income Trust in the third quarter valued at approximately $27,000. EMC Capital Management boosted its position in shares of Office Properties Income Trust by 100.2% during the third quarter. EMC Capital Management now owns 7,513 shares of the company’s stock worth $31,000 after buying an additional 3,761 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of Office Properties Income Trust during the third quarter worth approximately $41,000. Bessemer Group Inc. acquired a new position in shares of Office Properties Income Trust during the fourth quarter worth approximately $43,000. Finally, Mackenzie Financial Corp acquired a new position in shares of Office Properties Income Trust during the third quarter worth approximately $57,000. 64.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. StockNews.com downgraded Office Properties Income Trust from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Morgan Stanley reduced their price objective on Office Properties Income Trust from $1.80 to $1.60 and set an “underweight” rating for the company in a research report on Thursday, March 28th.

Office Properties Income Trust Price Performance

Shares of NASDAQ:OPI opened at $2.04 on Friday. Office Properties Income Trust has a 12 month low of $1.81 and a 12 month high of $8.80. The stock has a market cap of $99.47 million, a price-to-earnings ratio of -1.42, a PEG ratio of 0.07 and a beta of 1.20. The stock’s 50 day moving average price is $2.61 and its 200 day moving average price is $4.23. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.27 and a quick ratio of 1.27.

Office Properties Income Trust (NASDAQ:OPI) last announced its earnings results on Thursday, February 15th. The company reported ($0.77) EPS for the quarter, missing the consensus estimate of $0.98 by ($1.75). Office Properties Income Trust had a negative return on equity of 5.28% and a negative net margin of 13.01%. The firm had revenue of $133.77 million for the quarter, compared to the consensus estimate of $133.03 million. Equities research analysts anticipate that Office Properties Income Trust will post 2.85 earnings per share for the current fiscal year.

Office Properties Income Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.04 annualized dividend and a yield of 1.96%. Office Properties Income Trust’s payout ratio is -2.78%.

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 December 31, 2023, approximately 64% of OPI's revenues were from investment grade rated tenants. OPI owned 152 properties as of December 31, 2023, with approximately 20.5 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.