Office Properties Income Trust (OPI) Set to Announce Quarterly Earnings on Wednesday

Office Properties Income Trust (NASDAQ:OPI) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.81 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Office Properties Income Trust (NASDAQ:OPI) last issued its earnings results on Thursday, February 15th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($1.75). Office Properties Income Trust had a negative return on equity of 5.28% and a negative net margin of 13.01%. The company had revenue of $133.77 million during the quarter, compared to analyst estimates of $133.03 million. On average, analysts expect Office Properties Income Trust to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Office Properties Income Trust Trading Up 3.6 %

Shares of OPI opened at $2.01 on Monday. Office Properties Income Trust has a 1 year low of $1.81 and a 1 year high of $8.80. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.05. The stock has a 50 day simple moving average of $2.24 and a 200-day simple moving average of $4.08. The stock has a market cap of $98.01 million, a PE ratio of -1.40, a PEG ratio of 0.06 and a beta of 1.20.

Office Properties Income Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be issued a $0.01 dividend. The ex-dividend date is Friday, April 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.99%. Office Properties Income Trust’s payout ratio is presently -2.78%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on OPI shares. StockNews.com cut Office Properties Income Trust from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Morgan Stanley dropped their price target on Office Properties Income Trust from $1.80 to $1.60 and set an “underweight” rating for the company in a report on Thursday, March 28th.

Office Properties Income Trust Company Profile

OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of December 31, 2023, approximately 64% of OPI's revenues were from investment grade rated tenants. OPI owned 152 properties as of December 31, 2023, with approximately 20.5 million square feet located in 30 states and Washington, DC In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year.