Equities Analysts Issue Forecasts for OPI FY2024 Earnings

Office Properties Income Trust (NASDAQ:OPI) – Equities researchers at B. Riley decreased their FY2024 earnings estimates for Office Properties Income Trust in a report released on Friday, November 1st. B. Riley analyst B. Maher now expects that the company will earn $2.16 per share for the year, down from their prior forecast of $2.34. The consensus estimate for Office Properties Income Trust’s current full-year earnings is $2.35 per share. B. Riley also issued estimates for Office Properties Income Trust’s Q4 2024 earnings at $0.34 EPS.

Office Properties Income Trust (NASDAQ:OPI) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($1.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($1.61). The company had revenue of $120.62 million for 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%.

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

Office Properties Income Trust Trading Down 5.3 %

Shares of OPI stock opened at $1.42 on Monday. The company’s 50-day moving average price is $2.06 and its 200-day moving average price is $2.20. Office Properties Income Trust has a twelve month low of $1.35 and a twelve month high of $7.53. The company has a current ratio of 1.89, a quick ratio of 1.35 and a debt-to-equity ratio of 1.82. The stock has a market cap of $79.21 million, a price-to-earnings ratio of -3.16 and a beta of 1.18.

Office Properties Income Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Monday, October 28th. Office Properties Income Trust’s dividend payout ratio (DPR) is -8.89%.

Hedge Funds Weigh In On Office Properties Income Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC grew its stake in shares of Office Properties Income Trust by 40.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,758 shares of the company’s stock worth $34,000 after purchasing an additional 4,798 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of Office Properties Income Trust by 32.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 44,686 shares of the company’s stock valued at $91,000 after buying an additional 10,900 shares in the last quarter. Optas LLC acquired a new stake in shares of Office Properties Income Trust during the 2nd quarter valued at approximately $34,000. Point72 DIFC Ltd purchased a new position in Office Properties Income Trust during the 2nd quarter valued at about $34,000. Finally, Summit Securities Group LLC acquired a new stake in Office Properties Income Trust during the 2nd quarter valued at $55,000. Hedge funds and other institutional investors own 64.41% of the company’s stock.

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.