American International Group Inc. Has $878,000 Holdings in Office Properties Income Trust (NASDAQ:OPI)

American International Group Inc. cut its position in shares of Office Properties Income Trust (NASDAQ:OPI) by 1.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,896 shares of the company’s stock after selling 365 shares during the period. American International Group Inc.’s holdings in Office Properties Income Trust were worth $878,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of Office Properties Income Trust by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 988,992 shares of the company’s stock worth $22,470,000 after purchasing an additional 43,031 shares in the last quarter. CWM Advisors LLC purchased a new stake in shares of Office Properties Income Trust during the 4th quarter worth about $328,000. Camelot Portfolios LLC raised its stake in shares of Office Properties Income Trust by 8.4% during the 1st quarter. Camelot Portfolios LLC now owns 42,545 shares of the company’s stock worth $1,171,000 after purchasing an additional 3,297 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Office Properties Income Trust by 2.9% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,576 shares of the company’s stock worth $456,000 after purchasing an additional 472 shares in the last quarter. Finally, Quinn Opportunity Partners LLC raised its stake in shares of Office Properties Income Trust by 11.5% during the 4th quarter. Quinn Opportunity Partners LLC now owns 393,193 shares of the company’s stock worth $8,933,000 after purchasing an additional 40,428 shares in the last quarter. 75.81% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on the company. Mizuho raised their price target on Office Properties Income Trust from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, April 1st. Royal Bank of Canada raised their price objective on Office Properties Income Trust from $24.00 to $29.00 and gave the company a “sector perform” rating in a research note on Monday, March 15th. Morgan Stanley raised their price objective on Office Properties Income Trust from $23.00 to $24.00 and gave the company an “underweight” rating in a research note on Monday, April 19th. Finally, Zacks Investment Research raised Office Properties Income Trust from a “sell” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $29.25.

Shares of OPI stock opened at $31.35 on Friday. The firm has a 50 day moving average of $28.34. The company has a debt-to-equity ratio of 1.36, a current ratio of 3.22 and a quick ratio of 3.22. Office Properties Income Trust has a twelve month low of $17.62 and a twelve month high of $31.69. The company has a market cap of $1.51 billion, a P/E ratio of 44.79 and a beta of 1.31.

Office Properties Income Trust (NASDAQ:OPI) last released its earnings results on Thursday, April 29th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.46). The business had revenue of $144.52 million during the quarter, compared to analyst estimates of $144.10 million. Office Properties Income Trust had a net margin of 5.78% and a return on equity of 2.06%. Sell-side analysts predict that Office Properties Income Trust will post 4.46 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 20th. Shareholders of record on Monday, April 26th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date of this dividend was Friday, April 23rd. Office Properties Income Trust’s dividend payout ratio (DPR) is currently 40.82%.

About Office Properties Income Trust

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 that is headquartered in Newton, Massachusetts.

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Institutional Ownership by Quarter for Office Properties Income Trust (NASDAQ:OPI)

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