Office Properties Income Trust (NASDAQ:OPI) Lowered to Sell Rating by StockNews.com

StockNews.com downgraded shares of Office Properties Income Trust (NASDAQ:OPI) from a hold rating to a sell rating in a report published on Monday morning.

Office Properties Income Trust Trading Down 3.9 %

Office Properties Income Trust stock opened at $0.86 on Monday. Office Properties Income Trust has a one year low of $0.84 and a one year high of $3.73. The business’s fifty day moving average is $0.98 and its 200 day moving average is $1.58. The company has a debt-to-equity ratio of 2.20, a current ratio of 3.78 and a quick ratio of 3.78. The stock has a market capitalization of $59.89 million, a PE ratio of -0.39 and a beta of 1.25.

Office Properties Income Trust (NASDAQ:OPI) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.97. Office Properties Income Trust had a negative net margin of 27.11% and a negative return on equity of 10.86%. The firm had revenue of $118.24 million for the quarter.

Office Properties Income Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a yield of 4.66%. Office Properties Income Trust’s dividend payout ratio is presently -1.82%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OPI. Price T Rowe Associates Inc. MD increased its position in shares of Office Properties Income Trust by 40.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,041 shares of the company’s stock valued at $51,000 after purchasing an additional 14,800 shares during the last quarter. Barclays PLC increased its holdings in Office Properties Income Trust by 20.6% during the fourth quarter. Barclays PLC now owns 100,361 shares of the company’s stock valued at $101,000 after buying an additional 17,115 shares during the last quarter. Jane Street Group LLC raised its position in Office Properties Income Trust by 5.6% in the fourth quarter. Jane Street Group LLC now owns 360,790 shares of the company’s stock worth $361,000 after acquiring an additional 19,135 shares during the period. Quadrature Capital Ltd bought a new position in Office Properties Income Trust in the third quarter worth approximately $65,000. Finally, Tidal Investments LLC purchased a new position in shares of Office Properties Income Trust during the 4th quarter worth $30,000. Institutional investors own 64.41% of the company’s stock.

Office Properties Income Trust Company Profile

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.