Belpointe Asset Management LLC Acquires New Shares in Office Properties Income Trust (NASDAQ:OPI)

Belpointe Asset Management LLC purchased a new position in Office Properties Income Trust (NASDAQ:OPI – Get Rating) in the fourth quarter, Holdings Channel reports. The fund purchased 3,252 shares of the company’s stock, valued at approximately $43,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC lifted its position in shares of Office Properties Income Trust by 41.8% in the fourth quarter. CWM LLC now owns 2,843 shares of the company’s stock worth $38,000 after buying an additional 838 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Office Properties Income Trust by 104.1% in the third quarter. Tower Research Capital LLC TRC now owns 4,442 shares of the company’s stock worth $62,000 after buying an additional 2,266 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Office Properties Income Trust by 79.9% during the 4th quarter. Van ECK Associates Corp now owns 4,970 shares of the company’s stock worth $66,000 after purchasing an additional 2,207 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of Office Properties Income Trust during the 2nd quarter worth about $103,000. Finally, Guggenheim Capital LLC acquired a new position in shares of Office Properties Income Trust during the 1st quarter worth about $205,000. Institutional investors and hedge funds own 75.77% of the company’s stock.

Office Properties Income Trust Trading Down 5.1 %

Shares of OPI opened at $6.73 on Thursday. Office Properties Income Trust has a 12-month low of $5.86 and a 12-month high of $21.50. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $326.84 million, a price-to-earnings ratio of 48.07 and a beta of 1.25. The stock’s 50-day moving average price is $8.61 and its 200 day moving average price is $13.07.

Office Properties Income Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 18th. Investors of record on Monday, April 24th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, April 21st. This represents a $1.00 annualized dividend and a yield of 14.86%. Office Properties Income Trust’s dividend payout ratio is 714.29%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on OPI shares. B. Riley cut their price objective on Office Properties Income Trust from $29.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, February 21st. Royal Bank of Canada cut Office Properties Income Trust from a “sector perform” rating to an “underperform” rating and cut their price objective for the stock from $16.00 to $14.00 in a research report on Tuesday, March 7th. Finally, StockNews.com started coverage on Office Properties Income Trust in a research report on Thursday, May 18th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $17.33.

Office Properties Income Trust Company Profile

(Get Rating)

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.