Marshall Wace LLP Acquires New Position in Office Properties Income Trust (NASDAQ:OPI)

Marshall Wace LLP acquired a new stake in shares of Office Properties Income Trust (NASDAQ:OPIFree Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 78,955 shares of the company’s stock, valued at approximately $161,000. Marshall Wace LLP owned about 0.16% of Office Properties Income Trust as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Office Properties Income Trust during the 4th quarter valued at about $634,000. Los Angeles Capital Management LLC boosted its holdings in shares of Office Properties Income Trust by 86.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 145,788 shares of the company’s stock valued at $297,000 after acquiring an additional 67,650 shares during the last quarter. Privium Fund Management B.V. purchased a new stake in shares of Office Properties Income Trust during the 1st quarter valued at about $412,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Office Properties Income Trust by 72.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,332,026 shares of the company’s stock valued at $2,717,000 after acquiring an additional 559,329 shares during the last quarter. Finally, Callan Capital LLC purchased a new stake in shares of Office Properties Income Trust during the 1st quarter valued at about $64,000. 64.41% of the stock is owned by hedge funds and other institutional investors.

Office Properties Income Trust Price Performance

Shares of NASDAQ:OPI opened at $2.05 on Friday. The firm’s 50 day moving average price is $2.18 and its 200-day moving average price is $2.21. Office Properties Income Trust has a twelve month low of $1.81 and a twelve month high of $7.53. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $103.08 million, a PE ratio of -1.33 and a beta of 1.15.

Office Properties Income Trust (NASDAQ:OPIGet Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.93. Office Properties Income Trust had a net margin of 2.69% and a return on equity of 1.11%. The firm had revenue of $123.69 million for the quarter, compared to analysts’ expectations of $123.45 million. Equities research analysts expect that Office Properties Income Trust will post 2.38 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Office Properties Income Trust from a “hold” rating to a “buy” rating in a report on Monday, September 2nd.

Check Out Our Latest Stock Report on OPI

About Office Properties Income Trust

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Office Properties Income Trust (NASDAQ:OPI)

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