Charles Schwab Investment Management Inc. Sells 755,954 Shares of Office Properties Income Trust (NASDAQ:OPI)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Office Properties Income Trust (NASDAQ:OPI - Free Report) by 41.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,054,826 shares of the company's stock after selling 755,954 shares during the period. Charles Schwab Investment Management Inc. owned 1.89% of Office Properties Income Trust worth $2,300,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Point72 DIFC Ltd bought a new position in shares of Office Properties Income Trust during the 2nd quarter valued at about $34,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of Office Properties Income Trust by 40.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,758 shares of the company's stock valued at $34,000 after acquiring an additional 4,798 shares in the last quarter. Optas LLC purchased a new stake in shares of Office Properties Income Trust in the second quarter valued at $34,000. Summit Securities Group LLC acquired a new stake in shares of Office Properties Income Trust in the second quarter worth $55,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Office Properties Income Trust during the second quarter valued at $145,000. Institutional investors own 64.41% of the company's stock.

Office Properties Income Trust Trading Down 11.3 %

NASDAQ OPI traded down $0.15 during trading on Monday, reaching $1.18. 887,391 shares of the stock traded hands, compared to its average volume of 1,054,495. The stock's 50-day moving average price is $1.61 and its 200 day moving average price is $2.02. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.82. The firm has a market cap of $65.82 million, a price-to-earnings ratio of -2.66 and a beta of 1.17. Office Properties Income Trust has a fifty-two week low of $1.06 and a fifty-two week high of $7.53.

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($1.14) EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($1.61). The company had revenue of $120.62 million for the quarter, compared to analyst estimates of $119.93 million. Office Properties Income Trust had a negative return on equity of 1.92% and a negative net margin of 4.75%. Analysts predict that Office Properties Income Trust will post 2.26 EPS for the current year.

Office Properties Income Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Monday, October 28th. Office Properties Income Trust's payout ratio is -8.89%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Office Properties Income Trust from a "buy" rating to a "hold" rating in a report on Tuesday, October 15th.

Office Properties Income Trust Company Profile

OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of December 31, 2023, approximately 64% of OPI's revenues were from investment grade rated tenants. OPI owned 152 properties as of December 31, 2023, with approximately 20.5 million square feet located in 30 states and Washington, DC In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year.