Office Properties Income Trust (NASDAQ:OPI) Shares Acquired by State of Alaska Department of Revenue

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State of Alaska Department of Revenue grew its holdings in Office Properties Income Trust (NASDAQ:OPI) by 17.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,885 shares of the company’s stock after acquiring an additional 5,973 shares during the period. State of Alaska Department of Revenue owned about 0.08% of Office Properties Income Trust worth $1,252,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Riverhead Capital Management LLC grew its stake in shares of Office Properties Income Trust by 70.5% in the second quarter. Riverhead Capital Management LLC now owns 7,500 shares of the company’s stock worth $197,000 after acquiring an additional 3,100 shares in the last quarter. Wilen Investment Management CORP. acquired a new position in shares of Office Properties Income Trust in the first quarter worth $236,000. JPMorgan Chase & Co. grew its stake in shares of Office Properties Income Trust by 68.5% in the second quarter. JPMorgan Chase & Co. now owns 99,275 shares of the company’s stock worth $2,497,000 after acquiring an additional 40,365 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Office Properties Income Trust in the first quarter worth $135,000. Finally, Swiss National Bank grew its stake in shares of Office Properties Income Trust by 2.1% in the second quarter. Swiss National Bank now owns 89,433 shares of the company’s stock worth $2,349,000 after acquiring an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 70.23% of the company’s stock.

Shares of OPI stock opened at $30.42 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.73. The firm has a fifty day moving average price of $29.09 and a 200 day moving average price of $27.27. The company has a market cap of $1.46 billion, a P/E ratio of 3.83 and a beta of 1.66. Office Properties Income Trust has a 12 month low of $23.36 and a 12 month high of $41.60.

Office Properties Income Trust (NASDAQ:OPI) last issued its earnings results on Friday, August 2nd. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.32. The firm had revenue of $176.03 million during the quarter, compared to the consensus estimate of $156.50 million. Office Properties Income Trust had a negative net margin of 15.86% and a negative return on equity of 4.92%. On average, equities analysts forecast that Office Properties Income Trust will post 5.88 EPS for the current year.

Several research firms have commented on OPI. Royal Bank of Canada upgraded shares of Office Properties Income Trust from an “underperform” rating to a “sector perform” rating and set a $27.00 price target for the company in a research note on Friday, June 28th. Morgan Stanley set a $27.00 price target on shares of Office Properties Income Trust and gave the stock a “hold” rating in a research note on Monday, June 17th. ValuEngine upgraded shares of Office Properties Income Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded shares of Office Properties Income Trust from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Office Properties Income Trust has a consensus rating of “Hold” and a consensus target price of $27.50.

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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Institutional Ownership by Quarter for Office Properties Income Trust (NASDAQ:OPI)

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