Los Angeles Capital Management LLC Sells 17,188 Shares of Office Properties Income Trust (NASDAQ:OPI)

Los Angeles Capital Management LLC reduced its holdings in Office Properties Income Trust (NASDAQ:OPI) by 11.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 128,600 shares of the company’s stock after selling 17,188 shares during the quarter. Los Angeles Capital Management LLC owned about 0.26% of Office Properties Income Trust worth $262,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in OPI. Pacific Ridge Capital Partners LLC bought a new stake in Office Properties Income Trust in the first quarter worth approximately $1,915,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Office Properties Income Trust by 72.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,332,026 shares of the company’s stock worth $2,717,000 after purchasing an additional 559,329 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Office Properties Income Trust by 19.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,964,664 shares of the company’s stock worth $14,381,000 after purchasing an additional 315,094 shares in the last quarter. Privium Fund Management B.V. bought a new stake in Office Properties Income Trust in the first quarter worth approximately $412,000. Finally, Quadrature Capital Ltd bought a new stake in Office Properties Income Trust in the first quarter worth approximately $364,000. 64.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Office Properties Income Trust from a “hold” rating to a “buy” rating in a report on Monday, September 2nd.

Office Properties Income Trust Trading Up 1.9 %

NASDAQ OPI opened at $2.17 on Monday. The company has a market cap of $109.04 million, a price-to-earnings ratio of -1.41 and a beta of 1.15. Office Properties Income Trust has a 52 week low of $1.81 and a 52 week high of $7.53. The business has a 50 day moving average price of $2.32 and a 200-day moving average price of $2.22. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.74.

Office Properties Income Trust (NASDAQ:OPI) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $0.64 by $0.93. The firm had revenue of $123.69 million during the quarter, compared to the consensus estimate of $123.45 million. Office Properties Income Trust had a return on equity of 1.11% and a net margin of 2.69%. As a group, equities analysts expect that Office Properties Income Trust will post 2.38 earnings per share for the current fiscal year.

Office Properties Income Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 22nd were given a dividend of $0.01 per share. The ex-dividend date was Monday, July 22nd. This represents a $0.04 annualized dividend and a dividend yield of 1.84%. Office Properties Income Trust’s payout ratio is -2.60%.

Office Properties Income Trust 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.