Office Properties Income Trust (NASDAQ:OPI - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Wednesday.
Office Properties Income Trust Price Performance
Office Properties Income Trust stock traded down $0.00 during midday trading on Wednesday, reaching $0.91. 372,466 shares of the stock traded hands, compared to its average volume of 486,597. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 2.20. Office Properties Income Trust has a 12 month low of $0.84 and a 12 month high of $3.02. The stock's fifty day moving average is $0.94 and its 200-day moving average is $1.51. The stock has a market cap of $63.67 million, a P/E ratio of -0.41 and a beta of 1.25.
Office Properties Income Trust (NASDAQ:OPI - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of ($0.61) by $0.97. Office Properties Income Trust had a negative net margin of 27.11% and a negative return on equity of 10.86%. The firm had revenue of $118.24 million during the quarter.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in OPI. Tidal Investments LLC purchased a new stake in shares of Office Properties Income Trust in the fourth quarter valued at $30,000. Tiptree Advisors LLC bought a new position in Office Properties Income Trust during the 4th quarter valued at about $49,000. Price T Rowe Associates Inc. MD raised its position in Office Properties Income Trust by 40.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,041 shares of the company's stock worth $51,000 after purchasing an additional 14,800 shares during the period. Quadrature Capital Ltd bought a new stake in Office Properties Income Trust in the third quarter worth about $65,000. Finally, Barclays PLC boosted its position in shares of Office Properties Income Trust by 20.6% during the fourth quarter. Barclays PLC now owns 100,361 shares of the company's stock valued at $101,000 after buying an additional 17,115 shares during the period. Hedge funds and other institutional investors own 64.41% of the company's stock.
About Office Properties Income Trust
(
Get Free Report)
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.
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