Stocks of Office Properties Income Trust (NASDAQ:OPI) traded higher last session on Wall Street, down -1.94% to $6.05.
According to the data, Office Properties Income Trust (NASDAQ:OPI) has 4 analysts covering its stock. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $4.00, we find $9.50. Given the previous closing price of $6.17, this indicates a potential upside of 53.97 percent. OPI stock price is now -17.34% away from the 50-day moving average and -43.56% away from the 200-day moving average. The market capitalization of the company currently stands at $299.78M.
A total of 0 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $10.00 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).
Insiders disposed of 11,563 shares of company stock worth roughly $69956.15 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 BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $4,479,000. JANE STREET GROUP, LLC invested $2,333,000 in shares of OPI during the first quarter. In the first quarter, FRANKLIN RESOURCES INC acquired a new stake in Office Properties Income Trust valued at approximately $1,159,000. HRT FINANCIAL LP acquired a new stake in OPI for approximately $936,000. D. E. SHAW & CO., INC. purchased a new stake in OPI valued at around $821,000 in the second quarter. In total, there are 281 active investors with 81.40% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $5.99 for Office Properties Income Trust (NASDAQ: OPI). During the past 12 months, Office Properties Income Trust has had a low of $5.65 and a high of $18.10. According to the stock market information, the enterprise value for the company is $2.82B, which is based on a 27.38 price-to-earnings ratio, a 5.48 price-to-earnings-growth ratio, and a beta of 1.18. The fifty day moving average price for OPI is $7.29 and a two-hundred day moving average price translates $10.67 for the stock.
The latest earnings results from Office Properties Income Trust (NASDAQ: OPI) was released for Jun, 2023. According to the REIT – Office Company, earnings per share came in at -$0.25, missing analysts’ expectations of -$0.03 by -0.22. This compares to -$0.33 EPS in the same period last year. The net profit margin was 2.00% and return on equity was 0.80% for OPI. The company reported revenue of $134.0 million for the quarter, compared to $141.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.18 percent. For the current quarter, analysts expect OPI to generate $132.74M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/17/2023. Investors who held shares on 07/24/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 16.53% percent yield. There was an ex-dividend date of 07/21/2023 for this dividend. In terms of dividend payout ratio, OPI is presently at 859.20%.
Office Properties Income Trust(OPI) 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 June 30, 2023, approximately 63% of OPI’s revenues were from investment grade rated tenants. OPI owned and leased 155 properties as of June 30, 2023, with approximately 20.8 million square feet located in 30 states and Washington, D.C. In 2023, OPI was named as an Energy Star Partner of the Year for the sixth consecutive year. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $36 billion in assets under management as of June 30, 2023, and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. OPI is headquartered in Newton, MA.
