Office Properties Income Trust (NASDAQ:OPI) Stock Price Down 4.4% – What’s Next?

Shares of Office Properties Income Trust (NASDAQ:OPI) traded down 4.4% on Monday . The company traded as low as $0.23 and last traded at $0.23. 470,801 shares changed hands during trading, a decline of 47% from the average session volume of 882,608 shares. The stock had previously closed at $0.24.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on Office Properties Income Trust in a research report on Thursday, May 22nd. They issued a “hold” rating on the stock.

Office Properties Income Trust Trading Down 4.4%

The business has a 50 day moving average of $0.25 and a two-hundred day moving average of $0.43. The company has a debt-to-equity ratio of 2.22, a quick ratio of 2.33 and a current ratio of 2.33. The firm has a market capitalization of $17.14 million, a price-to-earnings ratio of -0.05 and a beta of 1.57.

Office Properties Income Trust (NASDAQ:OPI) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.51) by $0.64. The firm had revenue of $114.50 million during the quarter, compared to the consensus estimate of $110.44 million. Office Properties Income Trust had a negative return on equity of 25.56% and a negative net margin of 62.99%.

Institutional Trading of Office Properties Income Trust

A number of institutional investors and hedge funds have recently modified their holdings of OPI. Tidal Investments LLC bought a new position in Office Properties Income Trust during the fourth quarter valued at $30,000. Savvy Advisors Inc. bought a new position in Office Properties Income Trust during the second quarter valued at $31,000. Tiptree Advisors LLC bought a new position in Office Properties Income Trust during the fourth quarter valued at $49,000. Price T Rowe Associates Inc. MD grew its holdings in Office Properties Income Trust by 40.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 51,041 shares of the company’s stock valued at $51,000 after purchasing an additional 14,800 shares during the period. Finally, Barclays PLC grew its holdings in 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 purchasing an additional 17,115 shares during the period. 64.41% of the stock is owned by hedge funds and other institutional investors.

About Office Properties Income Trust

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.