Office Properties Income Trust (NASDAQ:OPI - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Monday.
Office Properties Income Trust Stock Down 1.4 %
Shares of Office Properties Income Trust stock traded down $0.01 during trading on Monday, hitting $0.87. 257,175 shares of the stock were exchanged, compared to its average volume of 506,508. The stock has a market cap of $60.90 million, a price-to-earnings ratio of -0.40 and a beta of 1.25. The firm's 50-day moving average price is $0.97 and its 200 day moving average price is $1.57. Office Properties Income Trust has a 12-month low of $0.84 and a 12-month high of $3.30. The company has a debt-to-equity ratio of 2.20, a current ratio of 3.78 and a quick ratio of 3.78.
Office Properties Income Trust (NASDAQ:OPI - Get Free Report) last announced its quarterly 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
A number of institutional investors and hedge funds have recently made changes to their positions in OPI. MSD Partners L.P. acquired a new position in Office Properties Income Trust during the fourth quarter worth about $5,052,000. D. E. Shaw & Co. Inc. grew its position in Office Properties Income Trust by 198.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 3,965,620 shares of the company's stock worth $3,965,000 after buying an additional 2,636,589 shares during the period. CastleKnight Management LP grew its position in Office Properties Income Trust by 48.6% during the fourth quarter. CastleKnight Management LP now owns 3,309,732 shares of the company's stock worth $3,309,000 after buying an additional 1,081,931 shares during the period. Pacific Ridge Capital Partners LLC grew its position in Office Properties Income Trust by 50.5% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,866,238 shares of the company's stock worth $1,866,000 after buying an additional 626,339 shares during the period. Finally, Foursixthree Capital LP acquired a new position in Office Properties Income Trust during the fourth quarter worth about $1,578,000. 64.41% of the stock is currently owned by institutional investors and hedge funds.
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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