Squarepoint Ops LLC Takes $179,000 Position in Office Properties Income Trust (NASDAQ:OPI)

Squarepoint Ops LLC purchased a new stake in Office Properties Income Trust (NASDAQ:OPI) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 87,776 shares of the company’s stock, valued at approximately $179,000. Squarepoint Ops LLC owned approximately 0.17% of Office Properties Income Trust as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in OPI. Optas LLC purchased a new position in Office Properties Income Trust during the 2nd quarter valued at about $34,000. Point72 DIFC Ltd acquired a new stake in shares of Office Properties Income Trust during the 2nd quarter worth about $34,000. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Office Properties Income Trust by 40.1% during the 2nd 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 during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Office Properties Income Trust during the 2nd quarter worth about $55,000. Finally, Callan Capital LLC acquired a new stake in shares of Office Properties Income Trust during the 1st quarter worth about $64,000. Hedge funds and other institutional investors own 64.41% of the company’s stock.

Office Properties Income Trust Price Performance

OPI opened at $2.05 on Monday. The company’s 50 day simple moving average is $2.18 and its 200 day simple moving average is $2.21. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.35. Office Properties Income Trust has a 1 year low of $1.81 and a 1 year high of $7.53. The stock has a market capitalization of $103.08 million, a PE ratio of -1.33 and a beta of 1.15.

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

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Office Properties Income Trust from a “hold” rating to a “buy” rating in a research note on Monday, September 2nd.

About Office Properties Income Trust

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.