Charles Schwab Investment Management Inc. Has $2.30 Million Position in Office Properties Income Trust (NASDAQ:OPI)

Charles Schwab Investment Management Inc. reduced its stake in Office Properties Income Trust (NASDAQ:OPI) by 41.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,054,826 shares of the company’s stock after selling 755,954 shares during the period. Charles Schwab Investment Management Inc. owned 1.89% of Office Properties Income Trust worth $2,300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Office Properties Income Trust by 42.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 557,107 shares of the company’s stock valued at $1,214,000 after purchasing an additional 167,031 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Office Properties Income Trust in the third quarter valued at about $704,000. Susquehanna Fundamental Investments LLC grew its stake in shares of Office Properties Income Trust by 104.8% in the second quarter. Susquehanna Fundamental Investments LLC now owns 141,726 shares of the company’s stock valued at $289,000 after acquiring an additional 72,530 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Office Properties Income Trust in the second quarter valued at about $179,000. Finally, Marshall Wace LLP acquired a new position in shares of Office Properties Income Trust in the second quarter valued at about $161,000. 64.41% of the stock is currently owned by institutional investors and hedge funds.

Office Properties Income Trust Stock Down 0.7 %

OPI stock opened at $1.33 on Monday. The stock has a market capitalization of $74.19 million, a P/E ratio of -2.96 and a beta of 1.17. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 1.82. Office Properties Income Trust has a 12 month low of $1.06 and a 12 month high of $7.53. The firm has a 50-day moving average price of $1.61 and a 200-day moving average price of $2.02.

Office Properties Income Trust (NASDAQ:OPI) last posted its earnings results on Wednesday, October 30th. The company reported ($1.14) EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($1.61). The company had revenue of $120.62 million during the quarter, compared to the consensus estimate of $119.93 million. Office Properties Income Trust had a negative return on equity of 1.92% and a negative net margin of 4.75%. As a group, equities research analysts anticipate that Office Properties Income Trust will post 2.26 EPS for the current fiscal year.

Office Properties Income Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.04 annualized dividend and a yield of 3.01%. Office Properties Income Trust’s payout ratio is -8.89%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Office Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th.

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.