Office Properties Income Trust (NASDAQ:OPI) Shares Sold by Invesco Ltd.

Invesco Ltd. trimmed its holdings in Office Properties Income Trust (NASDAQ:OPI) by 63.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 642,739 shares of the company’s stock after selling 1,119,201 shares during the period. Invesco Ltd. owned about 1.15% of Office Properties Income Trust worth $643,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Jane Street Group LLC increased its stake in shares of Office Properties Income Trust by 47.1% in the third quarter. Jane Street Group LLC now owns 341,655 shares of the company’s stock worth $745,000 after buying an additional 109,344 shares during the last quarter. Barclays PLC increased its position in shares of Office Properties Income Trust by 141.7% in the 3rd quarter. Barclays PLC now owns 83,246 shares of the company’s stock worth $182,000 after purchasing an additional 48,807 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Office Properties Income Trust by 1,375.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 614,565 shares of the company’s stock valued at $1,340,000 after purchasing an additional 572,913 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Office Properties Income Trust by 6.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 593,233 shares of the company’s stock worth $593,000 after purchasing an additional 36,126 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd grew its stake in Office Properties Income Trust by 1,172.0% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 122,116 shares of the company’s stock worth $122,000 after purchasing an additional 112,516 shares in the last quarter. 64.41% of the stock is currently owned by hedge funds and other institutional investors.

Office Properties Income Trust Stock Performance

Shares of OPI opened at $0.32 on Friday. The stock has a market capitalization of $22.20 million, a PE ratio of -0.14 and a beta of 1.58. The business’s fifty day moving average price is $0.55 and its 200 day moving average price is $0.99. The company has a debt-to-equity ratio of 2.20, a current ratio of 3.78 and a quick ratio of 3.78. Office Properties Income Trust has a 12-month low of $0.30 and a 12-month high of $3.02.

Office Properties Income Trust (NASDAQ:OPI) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.60. Office Properties Income Trust had a negative net margin of 27.11% and a negative return on equity of 10.86%. The company had revenue of $113.62 million for the quarter, compared to the consensus estimate of $114.79 million.

Office Properties Income Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 12.58%. Office Properties Income Trust’s payout ratio is currently -1.82%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Office Properties Income Trust in a research note on Monday, April 28th. They set a “hold” rating on the stock.

Office Properties Income Trust Company Profile

Office Properties Income Trust is a real estate investment trust. It owns, operates, and leases office buildings to single tenants and multi-tenant buildings. The company was founded on February 17, 2009 and is headquartered in Newton, MA.