Brokerages Anticipate Office Properties Income Trust (OPI) to Announce $1.33 EPS

Shares of Office Properties Income Trust (NASDAQ:OPI) have been given an average broker rating score of 3.00 (Hold) from the five brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a strong buy recommendation on the company.

Brokers have set a 1 year consensus price objective of $33.40 for the company and are predicting that the company will post $1.33 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Office Properties Income Trust an industry rank of 186 out of 255 based on the ratings given to its competitors.

A number of research firms have recently weighed in on OPI. ValuEngine downgraded shares of Office Properties Income Trust from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Royal Bank of Canada cut their price target on shares of Office Properties Income Trust to $27.00 and set an “underperform” rating on the stock in a report on Wednesday, March 13th. Finally, Zacks Investment Research upgraded shares of Office Properties Income Trust from a “strong sell” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Thursday, March 7th.

A hedge fund recently bought a new stake in Office Properties Income Trust stock. Public Employees Retirement System of Ohio bought a new stake in Office Properties Income Trust (NASDAQ:OPI) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 5,658 shares of the company’s stock, valued at approximately $39,000.

OPI stock opened at $27.64 on Friday. Office Properties Income Trust has a 12-month low of $25.05 and a 12-month high of $68.84. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 3.48, a P/E/G ratio of 1.11 and a beta of 1.67.

About Office Properties Income Trust

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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