Brokerages Anticipate Office Properties Income Trust (OPI) to Post $1.35 Earnings Per Share

Shares of Office Properties Income Trust (NASDAQ:OPI) have earned a consensus broker rating score of 3.00 (Hold) from the five analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a strong buy recommendation to the company.

Brokers have set a 12-month consensus target price of $33.20 for the company and are forecasting that the company will post $1.35 EPS for the current quarter, according to Zacks. Zacks has also assigned Office Properties Income Trust an industry rank of 197 out of 255 based on the ratings given to related companies.

Several equities research analysts have issued reports on the stock. ValuEngine lowered shares of Office Properties Income Trust from a “sell” rating to a “strong sell” rating in a report on Friday, March 1st. Royal Bank of Canada lowered their price target on shares of Office Properties Income Trust to $27.00 and set an “underperform” rating on the stock in a report on Wednesday, March 13th. Finally, Zacks Investment Research raised shares of Office Properties Income Trust from a “strong sell” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Thursday, March 7th.

Institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC acquired a new stake in shares of Office Properties Income Trust in the 1st quarter valued at $35,000. Truvestments Capital LLC acquired a new stake in shares of Office Properties Income Trust in the 1st quarter valued at $44,000. Nisa Investment Advisors LLC acquired a new stake in shares of Office Properties Income Trust in the 1st quarter valued at $69,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Office Properties Income Trust in the 4th quarter valued at $39,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Office Properties Income Trust in the 1st quarter valued at $160,000.

OPI stock traded up $0.03 on Friday, reaching $27.37. 184,692 shares of the company were exchanged, compared to its average volume of 418,781. Office Properties Income Trust has a 12 month low of $25.05 and a 12 month high of $68.84. The firm has a market capitalization of $1.32 billion, a P/E ratio of 3.44, a price-to-earnings-growth ratio of 1.13 and a beta of 1.67. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.84.

Office Properties Income Trust (NASDAQ:OPI) last announced its earnings results on Thursday, February 28th. The company reported ($1.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.29 by ($2.87). Office Properties Income Trust had a negative return on equity of 0.93% and a negative net margin of 5.13%. The company had revenue of $103.66 million for the quarter, compared to the consensus estimate of $90.22 million. Equities research analysts anticipate that Office Properties Income Trust will post 4.94 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 29th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 8.04%. The ex-dividend date of this dividend is Friday, April 26th. Office Properties Income Trust’s dividend payout ratio (DPR) is presently 27.67%.

Office Properties Income Trust Company Profile

Office Properties Income Trust is a real estate investment trust, or REIT, which owns buildings primarily leased to single tenants and those with high credit quality characteristics like government entities. In December 2018, our predecessor company Government Properties Income Trust, or GOV, merged with Select Income REIT, or SIR, and the combined company was renamed Office Properties Income Trust, or OPI.

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