Dimensional Fund Advisors LP Sells 77,356 Shares of Office Properties Income Trust (NASDAQ:OPI)

Dimensional Fund Advisors LP decreased its position in Office Properties Income Trust (NASDAQ:OPI) by 12.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 533,157 shares of the company’s stock after selling 77,356 shares during the quarter. Dimensional Fund Advisors LP owned 0.96% of Office Properties Income Trust worth $533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Office Properties Income Trust by 20.6% during the fourth quarter. Barclays PLC now owns 100,361 shares of the company’s stock valued at $101,000 after buying an additional 17,115 shares during the period. Catalyst Funds Management Pty Ltd boosted its holdings 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 acquiring an additional 112,516 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Office Properties Income Trust by 6.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 593,233 shares of the company’s stock worth $593,000 after acquiring an additional 36,126 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Office Properties Income Trust by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 708,862 shares of the company’s stock worth $709,000 after acquiring an additional 54,217 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in Office Properties Income Trust by 137.8% in the fourth quarter. Marshall Wace LLP now owns 841,993 shares of the company’s stock worth $842,000 after acquiring an additional 487,958 shares in the last quarter. Institutional investors own 64.41% of the company’s stock.

Office Properties Income Trust Trading Down 2.0%

Shares of NASDAQ:OPI opened at $0.23 on Friday. The company has a market cap of $16.57 million, a P/E ratio of -0.11 and a beta of 1.68. 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 1 year low of $0.23 and a 1 year high of $3.02. The stock’s fifty day moving average price is $0.43 and its 200-day moving average price is $0.87.

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

Office Properties Income Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 17.12%. The ex-dividend date of this dividend was Tuesday, April 22nd. Office Properties Income Trust’s dividend payout ratio is -1.45%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Office Properties Income Trust in a report on Wednesday. They issued a “hold” rating on the stock.

Office Properties Income Trust 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.