Office Properties Income Trust (NASDAQ:OPI) Now Covered by Analysts at Wall Street Zen

Equities research analysts at Wall Street Zen began coverage on shares of Office Properties Income Trust (NASDAQ:OPI) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the stock.

Office Properties Income Trust Stock Down 1.9%

Shares of OPI opened at $0.20 on Thursday. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 2.20. Office Properties Income Trust has a 12 month low of $0.18 and a 12 month high of $3.02. The stock’s 50 day moving average is $0.37 and its two-hundred day moving average is $0.83. The firm has a market cap of $13.91 million, a P/E ratio of -0.09 and a beta of 1.68.

Office Properties Income Trust (NASDAQ:OPI) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.06 EPS for the quarter, beating the consensus estimate 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 company had revenue of $113.62 million for the quarter, compared to analyst estimates of $114.79 million.

Institutional Trading of Office Properties Income Trust

A number of institutional investors have recently made changes to their positions in OPI. Barclays PLC boosted its stake in shares of Office Properties Income Trust by 141.7% in the third quarter. Barclays PLC now owns 83,246 shares of the company’s stock worth $182,000 after acquiring an additional 48,807 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Office Properties Income Trust by 1,375.5% in the third quarter. JPMorgan Chase & Co. now owns 614,565 shares of the company’s stock worth $1,340,000 after acquiring an additional 572,913 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Office Properties Income Trust by 6.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 593,233 shares of the company’s stock worth $593,000 after buying an additional 36,126 shares during the last quarter. Catalyst Funds Management Pty Ltd boosted its stake in Office Properties Income Trust by 1,172.0% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 122,116 shares of the company’s stock worth $122,000 after buying an additional 112,516 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its stake in Office Properties Income Trust by 50.5% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,866,238 shares of the company’s stock worth $1,866,000 after buying an additional 626,339 shares during the last quarter. 64.41% of the stock is owned by institutional investors and hedge funds.

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.