Aristeia Capital L.L.C. Sells 150,295 Shares of Office Properties Income Trust (NASDAQ:OPI)

Aristeia Capital L.L.C. lessened its holdings in Office Properties Income Trust (NASDAQ:OPI) by 49.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,116 shares of the company’s stock after selling 150,295 shares during the quarter. Aristeia Capital L.L.C.’s holdings in Office Properties Income Trust were worth $156,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in OPI. Foursixthree Capital LP acquired a new stake in shares of Office Properties Income Trust in the fourth quarter valued at about $1,578,000. Pacific Ridge Capital Partners LLC raised its holdings in Office Properties Income Trust by 50.5% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,866,238 shares of the company’s stock worth $1,866,000 after purchasing an additional 626,339 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Office Properties Income Trust by 1,375.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 614,565 shares of the company’s stock worth $1,340,000 after purchasing an additional 572,913 shares during the period. Marshall Wace LLP boosted its stake in shares of Office Properties Income Trust by 137.8% in the 4th quarter. Marshall Wace LLP now owns 841,993 shares of the company’s stock valued at $842,000 after purchasing an additional 487,958 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Office Properties Income Trust during the fourth quarter worth $156,000. 64.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Office Properties Income Trust in a report on Monday, April 28th. They issued a “hold” rating on the stock.

Office Properties Income Trust Stock Down 7.6 %

Shares of Office Properties Income Trust stock opened at $0.32 on Friday. The stock’s 50-day moving average is $0.55 and its 200 day moving average is $0.98. Office Properties Income Trust has a one year low of $0.30 and a one year high of $3.02. The firm has a market cap of $22.54 million, a price-to-earnings ratio of -0.14 and a beta of 1.68. The company has a debt-to-equity ratio of 2.20, a current ratio of 3.78 and a quick ratio of 3.78.

Office Properties Income Trust (NASDAQ:OPI) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.60. Office Properties Income Trust had a negative return on equity of 10.86% and a negative net margin of 27.11%. The firm had revenue of $113.62 million for the quarter, compared to analysts’ expectations of $114.79 million.

Office Properties Income Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.04 annualized dividend and a dividend yield of 12.58%. Office Properties Income Trust’s dividend payout ratio is currently -1.45%.

About Office Properties Income Trust

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.