Brokers Set Expectations for Office Properties Income Trust’s Q2 2019 Earnings (OPI)

Office Properties Income Trust (NASDAQ:OPI) – Equities research analysts at Jefferies Financial Group reduced their Q2 2019 earnings per share estimates for shares of Office Properties Income Trust in a research report issued on Wednesday, April 10th, according to Zacks Investment Research. Jefferies Financial Group analyst J. Petersen now anticipates that the company will earn $1.13 per share for the quarter, down from their previous estimate of $1.27. Jefferies Financial Group also issued estimates for Office Properties Income Trust’s Q3 2019 earnings at $1.21 EPS, Q4 2019 earnings at $1.24 EPS, FY2019 earnings at $4.97 EPS, Q1 2020 earnings at $1.24 EPS, Q2 2020 earnings at $1.24 EPS, Q3 2020 earnings at $1.21 EPS and FY2020 earnings at $4.89 EPS.

Office Properties Income Trust (NASDAQ:OPI) last released its quarterly earnings data on Thursday, February 28th. The company reported ($1.58) earnings per share for the quarter, missing the consensus estimate of $1.29 by ($2.87). Office Properties Income Trust had a negative net margin of 5.13% and a negative return on equity of 0.93%. The firm had revenue of $103.66 million during the quarter, compared to analysts’ expectations of $90.22 million.

Other equities analysts also recently issued reports about the company. Zacks Investment Research raised Office Properties Income Trust from a “strong sell” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Thursday, March 7th. ValuEngine cut Office Properties Income Trust from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Finally, Royal Bank of Canada lowered their target price on Office Properties Income Trust to $27.00 and set an “underperform” rating on the stock in a report on Wednesday, March 13th.

NASDAQ OPI traded up $2.11 during mid-day trading on Friday, hitting $28.41. The stock had a trading volume of 461,264 shares, compared to its average volume of 408,022. Office Properties Income Trust has a 52-week low of $25.05 and a 52-week high of $68.84. The company has a market capitalization of $1.29 billion, a P/E ratio of 3.57, a PEG ratio of 1.08 and a beta of 1.65. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.06 and a quick ratio of 1.06.

A number of large investors have recently made changes to their positions in the business. Teachers Insurance & Annuity Association of America acquired a new stake in Office Properties Income Trust during the 1st quarter valued at $1,218,000. Systematic Financial Management LP acquired a new stake in Office Properties Income Trust during the 1st quarter valued at $1,161,000. California Public Employees Retirement System acquired a new stake in Office Properties Income Trust during the 1st quarter valued at $3,080,000. State Board of Administration of Florida Retirement System acquired a new stake in Office Properties Income Trust during the 1st quarter valued at $285,000. Finally, United Asset Strategies Inc. acquired a new stake in Office Properties Income Trust during the 1st quarter valued at $400,000.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 29th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date is Friday, April 26th. Office Properties Income Trust’s dividend payout ratio (DPR) is presently 27.67%.

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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Earnings History and Estimates for Office Properties Income Trust (NASDAQ:OPI)

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