Office Properties Income Trust (NASDAQ:OPI) Declares $0.01 Quarterly Dividend

Office Properties Income Trust (NASDAQ:OPI) declared a quarterly dividend on Thursday, January 16th,Wall Street Journal reports. Investors of record on Monday, January 27th will be paid a dividend of 0.01 per share on Thursday, February 20th. This represents a $0.04 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date is Monday, January 27th.

Office Properties Income Trust has decreased its dividend by an average of 73.7% annually over the last three years. Office Properties Income Trust has a payout ratio of -1.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Office Properties Income Trust to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 3.3%.

Office Properties Income Trust Price Performance

Shares of NASDAQ:OPI opened at $0.92 on Friday. Office Properties Income Trust has a twelve month low of $0.86 and a twelve month high of $4.06. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.82. The company has a 50 day moving average of $1.19 and a 200-day moving average of $1.81.

Office Properties Income Trust (NASDAQ:OPI) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($1.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($1.61). The firm had revenue of $120.62 million for the quarter, compared to analyst estimates of $119.93 million. Office Properties Income Trust had a negative net margin of 4.75% and a negative return on equity of 1.92%. On average, research analysts expect that Office Properties Income Trust will post 2.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Office Properties Income Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th.

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.