SG Americas Securities LLC Boosts Position in Office Properties Income Trust (NASDAQ:OPI)

SG Americas Securities LLC boosted its position in shares of Office Properties Income Trust (NASDAQ:OPI) by 25.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,937 shares of the company’s stock after purchasing an additional 5,200 shares during the quarter. SG Americas Securities LLC owned approximately 0.05% of Office Properties Income Trust worth $190,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

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

Office Properties Income Trust Stock Performance

Office Properties Income Trust stock opened at $2.04 on Friday. The firm has a market capitalization of $99.47 million, a P/E ratio of -1.42, a PEG ratio of 0.07 and a beta of 1.20. The stock has a fifty day moving average price of $2.61 and a 200 day moving average price of $4.23. Office Properties Income Trust has a 52 week low of $1.81 and a 52 week high of $8.80. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.05.

Office Properties Income Trust (NASDAQ:OPI) last released 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). The business had revenue of $133.77 million during the quarter, compared to analyst estimates of $133.03 million. Office Properties Income Trust had a negative net margin of 13.01% and a negative return on equity of 5.28%. Equities research analysts anticipate that Office Properties Income Trust will post 2.85 earnings per share for the current year.

Office Properties Income Trust Dividend Announcement

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

About Office Properties Income Trust

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.