Stock analysts are predicting that Office Properties Income Trust (NASDAQ:OPI – Get Rating) will post earnings per share of $1.12 for the current fiscal quarter, according to Zacks. Two analysts released earnings estimates for Office Properties Income Trust, with the highest EPS estimate of $1.13 and the lowest estimate of $1.12. Office Properties Income Trust posted earnings per share of $1.15 in the same quarter last year, suggesting a negative 2.6% year-over-year growth rate. The company is expected to release its next quarterly earnings report on Monday, January 1.
On average, analysts expect Office Properties Income Trust to report annual earnings of $4.70 per share for the current fiscal year, with EPS estimates ranging from $4.68 to $4.74. For next year, analysts expect the company to post earnings of $4.69 per share, with EPS estimates ranging from $4.60 to $4.78. Zacks Investment Research average earnings per share is an average average based on a survey of sales analysts who cover Office Properties Income Trust.
Office Properties Income Trust (NASDAQ:OPI – Get Rating) last released its results on Thursday, April 28. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of $1.27 per ($1.55). Office Properties Income Trust posted a negative return on equity of 3.97% and a negative net margin of 10.26%. The company posted revenue of $147.35 million in the quarter, versus analyst estimates of $148.12 million.
OPI has been the subject of several recent analyst reports. TheStreet downgraded Office Properties Income Trust from a ‘c-‘ rating to a ‘d+’ rating in a Wednesday June 1 research note. StockNews.com upgraded Office Properties Income Trust from a “hold” rating to a “buy” rating in a Wednesday, May 4 research note. Morgan Stanley lowered its price target on Office Properties Income Trust from $21.00 to $18.00 and set an “underweight” rating for the company in a Wednesday, June 1 research note. B. Riley reduced his price target on Office Properties Income Trust from $42.00 to $38.00 in a Monday May 2 research note. Finally, Zacks Investment Research downgraded the rating of income trust Office Properties from a “hold” rating to a “sell” rating in a research note on Tuesday. Two investment analysts gave the stock a sell rating and two gave the company a buy rating. According to MarketBeat.com, Office Properties Income Trust currently has an average rating of “Hold” and an average price target of $28.00.
OPI stock traded down $0.19 during the midday session on Tuesday, hitting $20.64. The stock had a trading volume of 223 shares, compared to an average volume of 319,567. The stock has a market capitalization of $999.39 million, a price-earnings ratio of -16.93 and a beta of 1.17. The company has a fifty-day moving average of $22.51 and a 200-day moving average of $24.18. Office Properties Income Trust has a 1-year low of $19.45 and a 1-year high of $31.69. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt ratio of 1.77.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 19. Investors of record on Monday, April 25 received a dividend of $0.55 per share. The ex-dividend date was Friday, April 22. This represents an annualized dividend of $2.20 and a yield of 10.66%. Office Properties Income Trust’s payout ratio is -178.86%.
A number of large investors have recently changed their positions in OPI. FMR LLC acquired a new position in Office Properties Income Trust in Q1 worth approximately $95,000. First Trust Advisors LP acquired a new position in Office Properties Income Trust in Q1 worth approximately $1,989,000. Amundi Pioneer Asset Management Inc. acquired a new position in Office Properties Income Trust in Q1 worth approximately $669,000. Morgan Stanley increased its stake in Office Properties Income Trust by 143.6% in the second quarter. Morgan Stanley now owns 333,254 shares of the company valued at $9,768,000 after acquiring an additional 196,442 shares last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Office Properties Income Trust by 16.7% in the third quarter. Goldman Sachs Group Inc. now owns 110,109 shares of the company valued at $2,789,000 after acquiring an additional 15,770 shares last quarter. Hedge funds and other institutional investors hold 74.41% of the company’s shares.
About the Office Property Income Trust (Get a rating)
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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