Office Properties Income Trust (NASDAQ:OPI) Stock Holdings Reduced by LSV Asset Management

LSV Asset Management lowered its position in Office Properties Income Trust (NASDAQ:OPI – Free Report) by 11.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,691,666 shares of the company’s stock after selling 214,271 shares during the quarter. LSV Asset Management owned approximately 3.47% of Office Properties Income Trust worth $3,451,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Graham Capital Management L.P. acquired a new stake in shares of Office Properties Income Trust in the third quarter worth about $539,000. Public Employees Retirement System of Ohio lifted its position in shares of Office Properties Income Trust by 9.0% in the third quarter. Public Employees Retirement System of Ohio now owns 73,909 shares of the company’s stock worth $303,000 after buying an additional 6,113 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Office Properties Income Trust by 25.1% in the fourth quarter. SG Americas Securities LLC now owns 25,937 shares of the company’s stock worth $190,000 after buying an additional 5,200 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of Office Properties Income Trust in the fourth quarter worth about $119,000. Finally, Householder Group Estate & Retirement Specialist LLC lifted its position in shares of Office Properties Income Trust by 28.7% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 517,375 shares of the company’s stock worth $3,787,000 after buying an additional 115,238 shares during the last quarter. Hedge funds and other institutional investors own 64.41% of the company’s stock.

Office Properties Income Trust Stock Performance

NASDAQ OPI opened at $2.36 on Friday. Office Properties Income Trust has a twelve month low of $1.81 and a twelve month high of $8.80. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a 50-day simple moving average of $2.22 and a 200 day simple moving average of $2.87.

Office Properties Income Trust (NASDAQ:OPI – Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.92). Office Properties Income Trust had a negative return on equity of 5.76% and a negative net margin of 13.72%. The business had revenue of $139.44 million for the quarter, compared to analyst estimates of $128.28 million. During the same period in the prior year, the firm posted $1.09 EPS. On average, research analysts forecast that Office Properties Income Trust will post 2.42 EPS for the current fiscal year.

Office Properties Income Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $0.04 annualized dividend and a yield of 1.69%. Office Properties Income Trust’s dividend payout ratio (DPR) is -2.60%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. B. Riley reduced their price target on Office Properties Income Trust from $10.00 to $7.00 and set a “buy” rating for the company in a research report on Monday, May 6th. StockNews.com raised Office Properties Income Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Morgan Stanley cut their price objective on Office Properties Income Trust from $1.80 to $1.60 and set an “underweight” rating for the company in a research report on Thursday, March 28th.

Check Out Our Latest Analysis on OPI

Office Properties Income Trust Company Profile

(Free Report)

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.

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