Wall Street brokerages expect Office Properties Income Trust (NASDAQ:OPI) to announce $169.58 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Office Properties Income Trust’s earnings. The highest sales estimate is $179.13 million and the lowest is $163.30 million. Office Properties Income Trust reported sales of $108.72 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 56%. The company is expected to issue its next quarterly earnings results on Thursday, May 2nd.
According to Zacks, analysts expect that Office Properties Income Trust will report full year sales of $634.35 million for the current fiscal year, with estimates ranging from $604.74 million to $686.70 million. For the next fiscal year, analysts expect that the business will post sales of $611.43 million, with estimates ranging from $580.98 million to $660.81 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Office Properties Income Trust.
Several brokerages recently issued reports on OPI. ValuEngine lowered Office Properties Income Trust from a “sell” rating to a “strong sell” rating in a research report on Friday, March 1st. Zacks Investment Research raised Office Properties Income Trust from a “strong sell” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Thursday, March 7th. Finally, Royal Bank of Canada lowered their target price on Office Properties Income Trust to $27.00 and set an “underperform” rating for the company in a research report on Wednesday, March 13th.
An institutional investor recently bought a new position in Office Properties Income Trust stock. Public Employees Retirement System of Ohio bought a new position in shares of Office Properties Income Trust (NASDAQ:OPI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,658 shares of the company’s stock, valued at approximately $39,000.
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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