Office Properties Income Trust (NASDAQ:OPI) released its quarterly earnings data on Thursday. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($1.29), Fidelity Earnings reports. The firm had revenue of $145.60 million during the quarter, compared to analysts’ expectations of $149.50 million. Office Properties Income Trust had a net margin of 11.75% and a return on equity of 4.35%.
Shares of NASDAQ OPI opened at $25.15 on Friday. Office Properties Income Trust has a 12-month low of $16.50 and a 12-month high of $35.95. The stock has a market cap of $1.21 billion, a PE ratio of 16.44 and a beta of 1.26. The company has a current ratio of 1.42, a quick ratio of 1.55 and a debt-to-equity ratio of 1.31. The company has a 50-day moving average of $25.76 and a 200 day moving average of $27.78.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Monday, July 27th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $2.20 annualized dividend and a yield of 8.75%. Office Properties Income Trust’s dividend payout ratio is presently 36.61%.
A number of analysts have recently commented on OPI shares. TheStreet cut shares of Office Properties Income Trust from a “c” rating to a “d+” rating in a research note on Friday, May 1st. B. Riley cut their target price on shares of Office Properties Income Trust from $48.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, May 4th. JMP Securities started coverage on shares of Office Properties Income Trust in a research note on Monday, June 8th. They set a “market perform” rating for the company. Mizuho cut their target price on shares of Office Properties Income Trust from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Finally, ValuEngine cut shares of Office Properties Income Trust from a “sell” rating to a “strong sell” rating in a research note on Monday, April 27th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Office Properties Income Trust currently has an average rating of “Hold” and an average price target of $30.20.
Office Properties Income Trust Company Profile
Office Properties Income Trust is a real estate investment trust, or REIT, which owns buildings primarily leased to single tenants and those with high credit quality characteristics like government entities. In December 2018, our predecessor company Government Properties Income Trust, or GOV, merged with Select Income REIT, or SIR, and the combined company was renamed Office Properties Income Trust, or OPI.
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