Office Property Income Trust (NASDAQ:OPI – Get a rating) is expected to release its quarterly earnings data after the market closes on Thursday, July 28. Analysts expect the company to report earnings of $1.12 per share for the quarter. Those interested in registering for the company’s earnings conference call can do so using this link.
Office Property Income Trust (NASDAQ:OPI – Get a rating) last released its quarterly results on Thursday, April 28. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analyst consensus estimates of $1.27 per ($1.55). The company posted revenue of $147.35 million in the quarter, versus a consensus estimate of $148.12 million. Office Properties Income Trust posted a negative return on equity of 3.97% and a negative net margin of 10.26%. On average, analysts expect Office Properties Income Trust to post EPS of $5 for the current fiscal year and EPS of $5 for the next fiscal year.
Office building income trust stocks down 0.9%
NASDAQ:OPI shares opened at $20.55 on Thursday. The company has a market capitalization of $995.03 million, a PE ratio of -16.71 and a beta of 1.13. The company has a fifty-day simple moving average of $20.39 and a 200-day simple moving average of $23.23. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt ratio of 1.77. Office Properties Income Trust has a 12-month low of $18.75 and a 12-month high of $30.49.
Office Properties Income Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 18. Shareholders of record on Monday, July 25 will receive a dividend of $0.55 per share. This represents an annualized dividend of $2.20 and a dividend yield of 10.71%. The ex-dividend date is Friday, July 22. Office Properties Income Trust’s dividend payout ratio (DPR) is -178.86%.
A Wall Street analyst gives his opinion
OPI has been the subject of several recent analyst reports. Morgan Stanley cut its price target on Office Properties Income Trust from $18.00 to $16.00 and set an “underweight” rating on the stock in a report released Tuesday. B. Riley lowered his price target on Office Properties Income Trust from $42.00 to $38.00 in a Monday May 2 research note. TheStreet upgraded Office Properties Income Trust from a “c-” rating to a “d+” rating in a research report on Wednesday June 1. To finish, StockNews.com upgraded Office Properties Income Trust from a “hold” rating to a “buy” rating in a Wednesday, May 4, report.
Institutional Trading of Office Properties Income Trust
Institutional investors have recently increased or reduced their stake in the company. JPMorgan Chase & Co. increased its stake in Office Properties Income Trust by 10.9% in Q1. JPMorgan Chase & Co. now owns 323,394 shares of the company worth $8,321,000 after buying an additional 31,660 shares last quarter. Raymond James & Associates increased its stake in Office Properties Income Trust by 12.3% in the 1st quarter. Raymond James & Associates now owns 20,748 shares of the company worth $534,000 after purchasing an additional 2,266 shares last quarter. Bank of New York Mellon Corp increased its stake in Office Properties Income Trust by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 750,061 shares of the company worth $19,299,000 after buying an additional 14,056 shares last quarter. American Century Companies Inc. bought a new stake in shares of Office Properties Income Trust in Q1, valued at approximately $490,000. Finally, Bank of Montreal Can increased its stake in shares of Office Properties Income Trust by 18.0% in the first quarter. Bank of Montreal Can now owns 17,044 shares of the company valued at $439,000 after purchasing an additional 2,601 shares during the period. 74.41% of the shares are currently held by institutional investors.
Office Income Trust Company Profile
OPI is a REIT focused on owning, operating and leasing properties primarily leased to single tenants and those with high credit quality characteristics such as government entities. OPI is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company headquartered in Newton, Massachusetts.
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