Office Properties Income Trust (NASDAQ:OPI) Reaches New 12-Month Low at $11.61

Office Properties Income Trust (NASDAQ:OPI – Get Rating)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $11.61 and last traded at $11.69, with a volume of 404924 shares trading hands. The stock had previously closed at $12.54.

Analysts Set New Price Targets

OPI has been the topic of a number of recent research reports. Morgan Stanley cut their target price on Office Properties Income Trust from $14.00 to $11.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 23rd. B. Riley decreased their target price on shares of Office Properties Income Trust from $29.00 to $27.00 and set a “buy” rating for the company in a report on Tuesday, February 21st. StockNews.com assumed coverage on shares of Office Properties Income Trust in a report on Thursday. They set a “hold” rating on the stock. Finally, Royal Bank of Canada lowered shares of Office Properties Income Trust from a “sector perform” rating to an “underperform” rating and decreased their price objective for the stock from $16.00 to $14.00 in a report on Tuesday, March 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Office Properties Income Trust has an average rating of “Hold” and a consensus target price of $17.33.

Office Properties Income Trust Trading Down 2.6 %

The stock has a 50-day simple moving average of $16.20 and a two-hundred day simple moving average of $15.41. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $593.45 million, a PE ratio of -94.00 and a beta of 1.30.

Office Properties Income Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Investors of record on Monday, January 23rd were given a dividend of $0.55 per share. The ex-dividend date was Friday, January 20th. This represents a $2.20 dividend on an annualized basis and a yield of 18.00%. Office Properties Income Trust’s dividend payout ratio (DPR) is -1,692.31%.

Institutional Investors Weigh In On Office Properties Income Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. grew its stake in shares of Office Properties Income Trust by 49.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 73,167 shares of the company’s stock valued at $977,000 after purchasing an additional 24,368 shares during the period. Voya Investment Management LLC increased its holdings in Office Properties Income Trust by 73.7% during the fourth quarter. Voya Investment Management LLC now owns 34,291 shares of the company’s stock valued at $458,000 after buying an additional 14,545 shares during the last quarter. State of Wyoming raised its position in Office Properties Income Trust by 156.2% in the fourth quarter. State of Wyoming now owns 10,367 shares of the company’s stock worth $138,000 after acquiring an additional 6,321 shares during the period. State of Tennessee Treasury Department boosted its stake in shares of Office Properties Income Trust by 2.1% during the 4th quarter. State of Tennessee Treasury Department now owns 35,373 shares of the company’s stock worth $473,000 after acquiring an additional 743 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Office Properties Income Trust during the 4th quarter valued at $232,000. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

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.