Office Properties Income Trust Expected to Post Q3 2023 Earnings of $1.15 Per Share (NASDAQ:OPI)

Posted by MarketBeat News on Aug 3rd, 2022

Office Properties Income Trust (NASDAQ:OPI – Get Rating) – Research analysts at B. Riley cut their Q3 2023 EPS estimates for Office Properties Income Trust in a research note issued on Monday, August 1st. B. Riley analyst B. Maher now anticipates that the company will post earnings of $1.15 per share for the quarter, down from their previous forecast of $1.17. The consensus estimate for Office Properties Income Trust’s current full-year earnings is $4.70 per share. B. Riley also issued estimates for Office Properties Income Trust’s Q4 2023 earnings at $1.17 EPS and FY2024 earnings at $4.84 EPS.

OPI has been the subject of several other reports. StockNews.com downgraded shares of Office Properties Income Trust from a “buy” rating to a “hold” rating in a report on Friday, July 29th. TheStreet downgraded shares of Office Properties Income Trust from a “c-” rating to a “d+” rating in a report on Wednesday, June 1st. Finally, Morgan Stanley reduced their price objective on shares of Office Properties Income Trust from $18.00 to $16.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 19th.

Office Properties Income Trust Stock Down 2.3 %

Shares of NASDAQ:OPI opened at $20.10 on Tuesday. The company has a fifty day moving average of $20.30 and a 200-day moving average of $22.76. The company has a market capitalization of $974.05 million, a PE ratio of -111.66 and a beta of 1.12. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.24 and a current ratio of 1.24. Office Properties Income Trust has a 52-week low of $18.75 and a 52-week high of $29.69.

Office Properties Income Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 18th. Investors of record on Monday, July 25th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Friday, July 22nd. This represents a $2.20 annualized dividend and a dividend yield of 10.95%. Office Properties Income Trust’s dividend payout ratio is -1,222.15%.

Institutional Trading of Office Properties Income Trust

Institutional investors have recently bought and sold shares of the company. CWM LLC bought a new stake in Office Properties Income Trust during the fourth quarter valued at $25,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in Office Properties Income Trust by 227.0% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,040 shares of the company’s stock valued at $26,000 after acquiring an additional 722 shares during the last quarter. ACG Wealth bought a new stake in Office Properties Income Trust during the second quarter valued at $29,000. Lazard Asset Management LLC bought a new stake in Office Properties Income Trust during the fourth quarter valued at $34,000. Finally, Cullen Frost Bankers Inc. bought a new stake in Office Properties Income Trust during the fourth quarter valued at $66,000. Institutional investors own 74.41% of the company’s stock.

About Office Properties Income Trust

(Get 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 that is headquartered in Newton, Massachusetts.