In yesterday’s Wall Street session, Office Properties Income Trust (NASDAQ:OPI) shares traded at $15.05, down -10.89% from the previous session.
As of this writing, 4 analysts cover Office Properties Income Trust (NASDAQ:OPI). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $27.00 and a low of $11.00, we find $13.50. Given the previous closing price of $16.89, this indicates a potential downside of -20.07 percent. OPI stock price is now -6.72% away from the 50-day moving average and -12.32% away from the 200-day moving average. The market capitalization of the company currently stands at $727.07M.
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There are 0 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $16.25 as their price target over the next twelve months.
With the price target reduced from $16 to $14, RBC Capital Mkts Downgraded its rating from Sector Perform to Underperform for Office Properties Income Trust (NASDAQ: OPI)., while ‘Morgan Stanley’ rates the stock as ‘Underweight’.
In other news, Talley Mark A., Director bought 400 shares of the company’s stock on May 11. The stock was bought for $7,924 at an average price of $19.81. Upon completion of the transaction, the Director now directly owns 400 shares in the company, valued at $6020.0. Insiders disposed of 15,063 shares of company stock worth roughly $0.23 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OPI stock. A new stake in Office Properties Income Trust shares was purchased by CASTLEKNIGHT MANAGEMENT LP during the first quarter worth $1,235,000. GOLDEN GREEN, INC. invested $1,065,000 in shares of OPI during the first quarter. In the first quarter, STATE OF WISCONSIN INVESTMENT BOARD acquired a new stake in Office Properties Income Trust valued at approximately $872,000. GSA CAPITAL PARTNERS LLP acquired a new stake in OPI for approximately $524,000. ALPS ADVISORS INC purchased a new stake in OPI valued at around $473,000 in the second quarter. In total, there are 285 active investors with 81.40% ownership of the company’s stock.
Tuesday morning saw Office Properties Income Trust (NASDAQ: OPI) opened at $16.04. During the past 12 months, Office Properties Income Trust has had a low of $12.17 and a high of $26.22. The fifty day moving average price for OPI is $16.13 and a two-hundred day moving average price translates $17.17 for the stock.
The latest earnings results from Office Properties Income Trust (NASDAQ: OPI) was released for Sep, 2022. According to the REIT – Office Company, earnings per share came in at $0.35, beating analysts’ expectations of -$0.08 by 0.43. This compares to $0.35 EPS in the same period last year. The net profit margin was -1.10% and return on equity was -0.40% for OPI. The company reported revenue of $127.92 million for the quarter, compared to $147.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.15 percent. For the current quarter, analysts expect OPI to generate $137.64M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/16/2023. Investors who held shares on 01/23/2023 were paid a $0.55 dividend. On an annualized basis, this represents a $2.20 dividend and a 14.62% percent yield. There was an ex-dividend date of 01/20/2023 for this dividend.
Office Properties Income Trust(OPI) Company Profile
OPI is a REIT focused on owning, operating and leasing properties primarily leased to single tenants and those with high credit quality characteristics such as government entities. OPI is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.
