Office Properties Income Trust (NASDAQ:OPI) Short Interest Down 16.6% in July

Office Properties Income Trust (NASDAQ:OPI) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 6,580,000 shares, a decrease of 16.6% from the June 30th total of 7,890,000 shares. Based on an average daily trading volume, of 953,000 shares, the short-interest ratio is currently 6.9 days.

Institutional Trading of Office Properties Income Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Summit Securities Group LLC acquired a new stake in shares of Office Properties Income Trust during the second quarter worth approximately $55,000. Optas LLC acquired a new stake in shares of Office Properties Income Trust during the second quarter worth approximately $34,000. Quadrature Capital Ltd acquired a new stake in shares of Office Properties Income Trust during the first quarter worth approximately $364,000. CANADA LIFE ASSURANCE Co increased its holdings in shares of Office Properties Income Trust by 32.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 44,686 shares of the company’s stock worth $91,000 after buying an additional 10,900 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Office Properties Income Trust by 0.9% during the first quarter. Vanguard Group Inc. now owns 4,920,629 shares of the company’s stock worth $10,038,000 after buying an additional 45,874 shares in the last quarter. Institutional investors own 64.41% of the company’s stock.

Office Properties Income Trust Stock Performance

NASDAQ OPI opened at $2.72 on Monday. The stock has a market cap of $136.76 million, a P/E ratio of -1.75 and a beta of 1.16. The company’s 50-day simple moving average is $2.26 and its 200 day simple moving average is $2.54. Office Properties Income Trust has a twelve month low of $1.81 and a twelve month high of $8.10. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 2.06.

Office Properties Income Trust (NASDAQ:OPI) last posted its earnings results on Wednesday, May 1st. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.92). The business had revenue of $139.44 million during the quarter, compared to the consensus estimate of $128.28 million. Office Properties Income Trust had a negative net margin of 13.72% and a negative return on equity of 5.76%. During the same period in the previous year, the firm earned $1.09 EPS. As a group, research analysts forecast that Office Properties Income Trust will post 2.42 earnings per share for the current fiscal year.

Office Properties Income Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 22nd will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 1.47%. Office Properties Income Trust’s payout ratio is currently -2.60%.

Analysts Set New Price Targets

A number of brokerages have recently commented on OPI. B. Riley cut their price objective on shares of Office Properties Income Trust from $10.00 to $7.00 and set a “buy” rating for the company in a research report on Monday, May 6th. StockNews.com raised shares of Office Properties Income Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd.

Office Properties Income Trust Company Profile

OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of December 31, 2023, approximately 64% of OPI's revenues were from investment grade rated tenants. OPI owned 152 properties as of December 31, 2023, with approximately 20.5 million square feet located in 30 states and Washington, DC In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year.