Office Properties Income Trust (NASDAQ:OPI) Upgraded to Sell at ValuEngine

ValuEngine upgraded shares of Office Properties Income Trust (NASDAQ:OPI) from a strong sell rating to a sell rating in a research report released on Thursday, ValuEngine reports.

Several other brokerages have also issued reports on OPI. Morgan Stanley set a $27.00 price objective on shares of Office Properties Income Trust and gave the company a hold rating in a report on Monday, June 17th. Royal Bank of Canada raised Office Properties Income Trust from an underperform rating to a sector perform rating and set a $27.00 target price for the company in a research report on Friday, June 28th. Jefferies Financial Group raised Office Properties Income Trust from an underperform rating to a hold rating and lifted their target price for the company from $23.00 to $25.00 in a research report on Wednesday, May 8th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Office Properties Income Trust from a sell rating to a hold rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Office Properties Income Trust has a consensus rating of Hold and a consensus price target of $27.25.

OPI traded down $0.27 on Thursday, hitting $26.97. The company had a trading volume of 290,442 shares, compared to its average volume of 232,833. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 3.39 and a beta of 1.65. Office Properties Income Trust has a 1 year low of $23.36 and a 1 year high of $68.84. The stock’s fifty day simple moving average is $26.64. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.18 and a current ratio of 1.18.

Office Properties Income Trust (NASDAQ:OPI) last issued its quarterly earnings data on Friday, August 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.32. The firm had revenue of $176.03 million for the quarter, compared to analyst estimates of $156.50 million. Office Properties Income Trust had a net margin of 1.13% and a return on equity of 0.95%. On average, equities research analysts predict that Office Properties Income Trust will post 5.34 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 29th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 8.16%. The ex-dividend date is Friday, July 26th. Office Properties Income Trust’s dividend payout ratio is currently 27.67%.

Institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in Office Properties Income Trust during the fourth quarter valued at approximately $39,000. State of Alaska Department of Revenue purchased a new stake in shares of Office Properties Income Trust in the first quarter valued at $878,000. Capital Investment Advisors LLC bought a new position in shares of Office Properties Income Trust in the first quarter worth about $1,468,000. Valeo Financial Advisors LLC bought a new position in shares of Office Properties Income Trust in the first quarter worth about $160,000. Finally, Truvestments Capital LLC bought a new position in shares of Office Properties Income Trust in the first quarter worth about $44,000. 66.73% of the stock is owned by institutional investors and hedge funds.

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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