StockNews.com Begins Coverage on Office Properties Income Trust (NASDAQ:OPI)

StockNews.com began coverage on shares of Office Properties Income Trust (NASDAQ:OPI – Get Rating) in a report issued on Thursday morning. The brokerage issued a hold rating on the stock.

A number of other equities research analysts have also weighed in on the company. Royal Bank of Canada lowered Office Properties Income Trust from a sector perform rating to an underperform rating and lowered their price objective for the company from $16.00 to $14.00 in a report on Tuesday, March 7th. Morgan Stanley lowered their price objective on Office Properties Income Trust from $14.00 to $11.00 and set an underweight rating on the stock in a report on Wednesday, November 23rd. Finally, B. Riley lowered their price objective on Office Properties Income Trust from $29.00 to $27.00 and set a buy rating on the stock in a report on Tuesday, February 21st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Office Properties Income Trust presently has a consensus rating of Hold and a consensus target price of $17.33.

Office Properties Income Trust Stock Performance

Shares of OPI opened at $12.22 on Thursday. Office Properties Income Trust has a twelve month low of $11.61 and a twelve month high of $26.22. The stock’s 50 day moving average is $16.20 and its two-hundred day moving average is $15.41. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.75.

Office Properties Income Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, January 23rd were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 18.00%. The ex-dividend date of this dividend was Friday, January 20th. Office Properties Income Trust’s dividend payout ratio (DPR) is -1,692.18%.

Institutional Investors Weigh In On Office Properties Income Trust

Institutional investors have recently modified their holdings of the company. CWM LLC raised its position in shares of Office Properties Income Trust by 41.8% during the 4th quarter. CWM LLC now owns 2,843 shares of the company’s stock worth $38,000 after purchasing an additional 838 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Office Properties Income Trust during the 4th quarter worth approximately $43,000. Bessemer Group Inc. acquired a new position in shares of Office Properties Income Trust during the 4th quarter worth approximately $43,000. Tower Research Capital LLC TRC raised its position in shares of Office Properties Income Trust by 104.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,442 shares of the company’s stock worth $62,000 after purchasing an additional 2,266 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Office Properties Income Trust by 79.9% during the 4th quarter. Van ECK Associates Corp now owns 4,970 shares of the company’s stock worth $66,000 after purchasing an additional 2,207 shares during the last quarter. Hedge funds and other institutional investors own 75.77% of the company’s stock.

Office Properties Income Trust Company Profile

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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.