Office Properties Income Trust (OPI) to Release Earnings on Wednesday

Office Properties Income Trust (NASDAQ:OPI) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.81 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Office Properties Income Trust (NASDAQ:OPI) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($1.75). The company had revenue of $133.77 million for the quarter, compared to analysts’ expectations 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, analysts expect Office Properties Income Trust to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Office Properties Income Trust Stock Performance

NASDAQ:OPI opened at $1.98 on Wednesday. Office Properties Income Trust has a fifty-two week low of $1.81 and a fifty-two week high of $8.80. The firm’s 50 day moving average is $2.39 and its two-hundred day moving average is $4.15. The company has a market cap of $96.54 million, a P/E ratio of -1.38, a P/E/G ratio of 0.06 and a beta of 1.20. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.05.

Office Properties Income Trust Announces Dividend

The company also recently declared 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. This represents a $0.04 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Friday, April 19th. Office Properties Income Trust’s payout ratio is -2.78%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on OPI shares. 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. Morgan Stanley lowered their target price on shares of Office Properties Income Trust from $1.80 to $1.60 and set an “underweight” rating on the stock in a research note on Thursday, March 28th.

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.