Nisa Investment Advisors LLC Buys 61,290 Shares of Office Properties Income Trust (NASDAQ:OPI)

Nisa Investment Advisors LLC lifted its stake in Office Properties Income Trust (NASDAQ:OPI) by 299.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 81,790 shares of the company’s stock after purchasing an additional 61,290 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Office Properties Income Trust were worth $599,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Qube Research & Technologies Ltd bought a new stake in shares of Office Properties Income Trust in the third quarter valued at approximately $27,000. EMC Capital Management raised its position in Office Properties Income Trust by 100.2% during the third quarter. EMC Capital Management now owns 7,513 shares of the company’s stock valued at $31,000 after purchasing an additional 3,761 shares in the last quarter. Allworth Financial LP raised its position in Office Properties Income Trust by 3,098.6% during the fourth quarter. Allworth Financial LP now owns 4,670 shares of the company’s stock valued at $34,000 after purchasing an additional 4,524 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in Office Properties Income Trust during the third quarter valued at approximately $41,000. Finally, Bessemer Group Inc. acquired a new position in Office Properties Income Trust during the fourth quarter valued at approximately $43,000. 64.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on OPI. Morgan Stanley lowered their price objective on shares of 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. StockNews.com downgraded shares of 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 Down 0.5 %

Shares of NASDAQ:OPI opened at $1.91 on Wednesday. The company has a fifty day moving average of $2.54 and a 200-day moving average of $4.20. The company has a market capitalization of $93.13 million, a PE ratio of -1.33, a price-to-earnings-growth ratio of 0.06 and a beta of 1.20. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.27 and a current ratio of 1.27. Office Properties Income Trust has a 52-week low of $1.81 and a 52-week high of $8.80.

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

Office Properties Income Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be issued a dividend of $0.01 per share. The ex-dividend date is Friday, April 19th. This represents a $0.04 annualized dividend and a dividend yield of 2.09%. Office Properties Income Trust’s dividend payout ratio (DPR) 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.