Office Properties Income Trust (OPI) Stock Price, News & Analysis

Company Overview

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, D.C. In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $41 billion in assets under management as of December 31, 2023, and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. OPI is headquartered in Newton, MA.

Key Stats

• Today's Range: $1.20 to $1.26
• 50-Day Range: $1.21 to $2.31
• 52-Week Range: $1.18 to $7.53
• Volume: 763,366 shs
• Average Volume: 1.31 million shs
• Market Capitalization: $67.49 million
• P/E Ratio: N/A
• Dividend Yield: 3.31%
• Price Target: $4.30
• Consensus Rating: Hold

Office Properties Income Trust Stock Analysis - MarketRank™

Office Properties Income Trust scored higher than 50% of companies evaluated by MarketBeat, and ranked 654th out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Office Properties Income Trust has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Office Properties Income Trust has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: -46.90%

Earnings Growth

Earnings for Office Properties Income Trust are expected to decrease by -46.90% in the coming year, from $2.26 to $1.20 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Office Properties Income Trust is -2.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Office Properties Income Trust is -2.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Office Properties Income Trust has a P/B Ratio of 0.05. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.69% of the outstanding shares of Office Properties Income Trust have been sold short.

Short Interest Ratio / Days to Cover

Office Properties Income Trust has a short interest ratio ("days to cover") of 6.7.

Change versus previous month

Short interest in Office Properties Income Trust has recently increased by 10.23%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Office Properties Income Trust pays a meaningful dividend of 3.31%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Office Properties Income Trust does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Office Properties Income Trust will have a dividend payout ratio of 3.33% next year. This indicates that Office Properties Income Trust will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.69% of the outstanding shares of Office Properties Income Trust have been sold short.

Short Interest Ratio / Days to Cover

Office Properties Income Trust has a short interest ratio ("days to cover") of 6.7.

Change versus previous month

Short interest in Office Properties Income Trust has recently increased by 10.23%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: N/A

News Sentiment

Office Properties Income Trust has a news sentiment score of 1.91. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Office Properties Income Trust this week, compared to 1 article on an average week.

Search Interest

5 people have searched for OPI on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Office Properties Income Trust insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.00% of the stock of Office Properties Income Trust is held by insiders.

Percentage Held by Institutions

64.41% of the stock of Office Properties Income Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

OPI Stock Analysis - Frequently Asked Questions

How have OPI shares performed this year?

Office Properties Income Trust's stock was trading at $7.32 at the beginning of 2024. Since then, OPI stock has decreased by 83.5% and is now trading at $1.21.
View the best growth stocks for 2024 here.

How were Office Properties Income Trust's earnings last quarter?

Office Properties Income Trust (NASDAQ:OPI) released its earnings results on Wednesday, October, 30th. The company reported ($1.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $1.61. The firm had revenue of $120.62 million for the quarter, compared to analysts' expectations of $119.93 million. Office Properties Income Trust had a negative net margin of 4.75% and a negative trailing twelve-month return on equity of 1.92%.

Who are Office Properties Income Trust's major shareholders?

Top institutional investors of Office Properties Income Trust include Charles Schwab Investment Management Inc. (1.89%), Geode Capital Management LLC (1.17%), RBF Capital LLC (1.06%) and Connor Clark & Lunn Investment Management Ltd. (1.00%).
View institutional ownership trends.

How do I buy shares of Office Properties Income Trust?

Shares of OPI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Office Properties Income Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Office Properties Income Trust investors own include Chevron (CVX), Advanced Micro Devices (AMD), Exxon Mobil (XOM), International Business Machines (IBM), Tesla (TSLA), Intel (INTC) and Meta Platforms (META).

Company Calendar

• Ex-Dividend for 11/14 Dividend: 10/28/2024
• Last Earnings: 10/30/2024
• Dividend Payable: 11/14/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/20/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Real estate
• Sub-Industry: Real Estate
• Current Symbol: NASDAQ:OPI
• CUSIP: N/A
• CIK: 1456772
• Web: www.opireit.com
• Phone: (617) 219-1440
• Fax: 617-796-8376
• Employees: 1,100
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $4.30
• High Stock Price Target: $7.00
• Low Stock Price Target: $1.60
• Potential Upside/Downside: +255.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.45)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 0.54
• P/E Growth: N/A
• Net Income: $-69,430,000.00
• Net Margins: -4.75%
• Pretax Margin: -0.75%
• Return on Equity: -1.92%
• Return on Assets: -0.64%

Debt

• Debt-to-Equity Ratio: 1.82
• Current Ratio: 1.89
• Quick Ratio: 1.89

Sales & Book Value

• Annual Sales: $533.55 million
• Price / Sales: 0.13
• Cash Flow: $3.10 per share
• Price / Cash Flow: 0.39
• Book Value: $22.92 per share
• Price / Book: 0.05

Miscellaneous

• Outstanding Shares: 55,780,000
• Free Float: 54,665,000
• Market Cap: $67.49 million
• Optionable: Optionable
• Beta: 1.18