Zacks Brokerages Expect Office Property Income Trust (NASDAQ: OPI) to Report Quarterly Sales of $140.19 Million


Brokers expect Office Properties Income Trust (NASDAQ:OPI – Get Rating) to report sales of $140.19 million for the current quarter, Zacks reports. Two analysts provided earnings estimates for Office Properties Income Trust. The lowest sales estimate is $139.06 million and the highest is $141.31 million. Office Properties Income Trust reported sales of $137.10 million in the same quarter last year, suggesting a positive year-over-year growth rate of 2.3%. The company is expected to release its next earnings report on Monday, January 1.

On average, analysts expect Office Properties Income Trust to record annual sales of $565.32 million for the current fiscal year, with estimates ranging from $557.09 million to $573.55 million. dollars. For next year, analysts expect the company to post sales of $564.86 million, with estimates ranging from $547.27 million to $582.45 million. Zacks Investment Research Sell-side Averages are an average based on a survey of sell-side research analysts who provide coverage for 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 (EPS) for the quarter, missing analyst consensus estimates of $1.27 per ($1.55). The company posted revenue of $147.35 million in the quarter, versus analyst estimates of $148.12 million. Office Properties Income Trust posted a negative net margin of 10.26% and a negative return on equity of 3.97%.

OPI has been the subject of several recent research reports. B. Riley cut his price target on Office Properties Income Trust from $42.00 to $38.00 in a Monday, May 2 research report. 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. Zacks Investment Research downgraded the office properties income trust from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Morgan Stanley lowered its price target on Office Properties Income Trust from $21.00 to $18.00 and set an “underweight” rating on the stock in a Wednesday, June 1 research note. Two analysts rated the stock with a sell rating and two gave the stock a buy rating. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $28.00.

Shares of NASDAQ OPI opened at $21.01 on Thursday. The stock has a 50-day moving average price of $22.32 and a 200-day moving average price of $24.14. Office Properties Income Trust has a 52-week low of $19.45 and a 52-week high of $31.69. The company has a debt ratio of 1.77, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $1.02 billion, a PE ratio of -17.08 and a beta of 1.17.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 19. Shareholders of record on Monday, April 25 received a dividend of $0.55 per share. The ex-dividend date was Friday, April 22. This represents a dividend of $2.20 on an annualized basis and a dividend yield of 10.47%. Office Properties Income Trust’s dividend payout ratio (DPR) is currently -178.86%.

Several hedge funds and other institutional investors have recently changed their positions in OPI. Norges Bank acquired a new stake in Office Properties Income Trust during the fourth quarter for a value of approximately $11,545,000. Invesco Ltd. increased its position in Office Properties Income Trust by 40.2% during the first quarter. Invesco Ltd. now owns 1,478,889 shares of the company worth $38,052,000 after purchasing an additional 424,364 shares last quarter. BlackRock Inc. increased its position in Office Properties Income Trust by 4.5% during the fourth quarter. BlackRock Inc. now owns 9,098,619 shares of the company worth $226,008,000 after purchasing an additional 391,949 shares in the last quarter. State Street Corp increased its position in Office Properties Income Trust by 11.7% in the first quarter. State Street Corp now owns 3,188,146 shares of the company worth $82,031,000 after purchasing an additional 333,567 shares last quarter. Finally, Morgan Stanley increased its position in Office Properties Income Trust by 143.6% during the second quarter. Morgan Stanley now owns 333,254 shares of the company worth $9,768,000 after buying an additional 196,442 shares last quarter. Institutional investors hold 74.41% of the company’s shares.

About the Office Property Income Trust (Get an evaluation)

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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Office Property Income Trust Earnings History and Estimates (NASDAQ:OPI)



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