StockNews.com Initiates Coverage on Office Properties Income Trust (NASDAQ:OPI)

Equities research analysts at StockNews.com assumed coverage on shares of Office Properties Income Trust (NASDAQ:OPI) in a research report issued on Sunday. The brokerage set a “hold” rating on the stock.

Office Properties Income Trust Price Performance

Office Properties Income Trust stock opened at $0.34 on Friday. The business’s 50 day simple moving average is $0.65 and its 200 day simple moving average is $1.08. Office Properties Income Trust has a 12 month low of $0.32 and a 12 month high of $3.02. The company has a market cap of $23.74 million, a price-to-earnings ratio of -0.15 and a beta of 1.58. 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 (NASDAQ:OPI) last announced its quarterly earnings data 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. The business had revenue of $118.24 million for the quarter. Office Properties Income Trust had a negative return on equity of 10.86% and a negative net margin of 27.11%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC bought a new position in Office Properties Income Trust in the 4th quarter valued at $30,000. Tiptree Advisors LLC purchased a new position in Office Properties Income Trust during the fourth quarter worth about $49,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Office Properties Income Trust by 40.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 51,041 shares of the company’s stock worth $51,000 after purchasing an additional 14,800 shares in the last quarter. Barclays PLC increased its position in shares of Office Properties Income Trust by 20.6% in the fourth quarter. Barclays PLC now owns 100,361 shares of the company’s stock worth $101,000 after purchasing an additional 17,115 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd raised its stake in Office Properties Income Trust by 1,172.0% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 122,116 shares of the company’s stock valued at $122,000 after purchasing an additional 112,516 shares in the last quarter. Hedge funds and other 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.