Office Properties Income Trust (NASDAQ:OPI) Cut to Hold at StockNews.com

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Tuesday.

Office Properties Income Trust Stock Down 0.5 %

Shares of OPI traded down $0.01 during mid-day trading on Tuesday, reaching $2.01. The company's stock had a trading volume of 279,177 shares, compared to its average volume of 998,802. Office Properties Income Trust has a 12-month low of $1.81 and a 12-month high of $7.53. The stock has a market cap of $101.06 million, a PE ratio of -1.31 and a beta of 1.15. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.35 and a quick ratio of 1.35. The company's 50 day moving average is $2.18 and its 200 day moving average is $2.21.

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.93. Office Properties Income Trust had a return on equity of 1.11% and a net margin of 2.69%. The business had revenue of $123.69 million for the quarter, compared to the consensus estimate of $123.45 million. Equities analysts anticipate that Office Properties Income Trust will post 2.38 EPS for the current fiscal year.

Institutional Trading of Office Properties Income Trust

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Office Properties Income Trust by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 4,920,629 shares of the company's stock valued at $10,038,000 after buying an additional 45,874 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Office Properties Income Trust by 72.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,332,026 shares of the company's stock valued at $2,717,000 after purchasing an additional 559,329 shares in the last quarter. Pacific Ridge Capital Partners LLC purchased a new position in Office Properties Income Trust in the 1st quarter valued at approximately $1,915,000. Privium Fund Management B.V. purchased a new position in Office Properties Income Trust in the 1st quarter valued at approximately $412,000. Finally, Quadrature Capital Ltd purchased a new position in Office Properties Income Trust in the 1st quarter valued at approximately $364,000. 64.41% of the stock is owned by institutional investors and hedge funds.

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.

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