What is B. Riley's Estimate for OPI FY2024 Earnings?

Office Properties Income Trust (NASDAQ:OPI - Free Report) - Stock analysts at B. Riley dropped their FY2024 earnings per share estimates for Office Properties Income Trust in a research note issued on Wednesday, November 27th. B. Riley analyst B. Maher now expects that the company will post earnings of $2.15 per share for the year, down from their prior estimate of $2.16. The consensus estimate for Office Properties Income Trust's current full-year earnings is $2.26 per share. B. Riley also issued estimates for Office Properties Income Trust's Q4 2024 earnings at $0.33 EPS, Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.32 EPS, Q1 2026 earnings at $0.38 EPS and FY2026 earnings at $1.49 EPS.

Separately, StockNews.com downgraded Office Properties Income Trust from a "buy" rating to a "hold" rating in a research note on Tuesday, October 15th.

Office Properties Income Trust Stock Down 9.3 %

NASDAQ:OPI traded down $0.16 during mid-day trading on Thursday, reaching $1.56. The stock had a trading volume of 1,347,259 shares, compared to its average volume of 1,078,827. The company has a market capitalization of $87.02 million, a price-to-earnings ratio of -3.47 and a beta of 1.18. Office Properties Income Trust has a 1-year low of $1.06 and a 1-year high of $7.53. The stock's 50 day simple moving average is $1.76 and its two-hundred day simple moving average is $2.09. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.89 and a quick ratio of 1.89.

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($1.14) EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($1.61). The firm had revenue of $120.62 million during the quarter, compared to analyst estimates of $119.93 million. Office Properties Income Trust had a negative return on equity of 1.92% and a negative net margin of 4.75%.

Office Properties Income Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.04 annualized dividend and a dividend yield of 2.56%. Office Properties Income Trust's dividend payout ratio is presently -8.89%.

Hedge Funds Weigh In On Office Properties Income Trust

Several hedge funds and other institutional investors have recently made changes to their positions in OPI. GSA Capital Partners LLP acquired a new position in shares of Office Properties Income Trust during the third quarter worth approximately $704,000. Quadrature Capital Ltd acquired a new position in shares of Office Properties Income Trust during the first quarter worth approximately $364,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Office Properties Income Trust by 42.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 557,107 shares of the company's stock worth $1,214,000 after buying an additional 167,031 shares during the period. Jane Street Group LLC boosted its position in shares of Office Properties Income Trust by 47.1% during the third quarter. Jane Street Group LLC now owns 341,655 shares of the company's stock worth $745,000 after buying an additional 109,344 shares during the period. Finally, Littlejohn & Co. LLC acquired a new position in shares of Office Properties Income Trust during the third quarter worth approximately $198,000. 64.41% of the stock is currently 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.