Office Properties Income Trust (NASDAQ:OPI) Releases Earnings Results, Beats Expectations By $0.97 EPS

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of ($0.61) by $0.97, Zacks reports. Office Properties Income Trust had a negative net margin of 4.75% and a negative return on equity of 1.92%. The business had revenue of $118.24 million during the quarter.

Office Properties Income Trust Stock Down 5.5 %

OPI stock traded down $0.05 during trading on Monday, reaching $0.91. The stock had a trading volume of 670,840 shares, compared to its average volume of 420,463. Office Properties Income Trust has a 1-year low of $0.86 and a 1-year high of $4.03. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $50.80 million, a P/E ratio of -2.02 and a beta of 1.25. The firm has a fifty day moving average price of $1.00 and a 200 day moving average price of $1.59.

Office Properties Income Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be issued a $0.01 dividend. The ex-dividend date is Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a yield of 4.39%. Office Properties Income Trust's dividend payout ratio is currently -8.89%.

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Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Office Properties Income Trust from a "hold" rating to a "sell" rating in a research note on Monday.

About Office Properties Income Trust

Office Properties Income Trust is a real estate investment trust. It owns, operates, and leases office buildings to single tenants and multi-tenant buildings. The company was founded on February 17, 2009 and is headquartered in Newton, MA.