StockNews.com Downgrades Office Properties Income Trust (NASDAQ:OPI) to Hold

Office Properties Income Trust (NASDAQ:OPI) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Office Properties Income Trust Price Performance

NASDAQ OPI opened at $2.03 on Tuesday. Office Properties Income Trust has a fifty-two week low of $1.81 and a fifty-two week high of $7.53. The stock’s 50-day moving average is $2.17 and its two-hundred day moving average is $2.21. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $102.07 million, a P/E ratio of -1.32 and a beta of 1.15.

Office Properties Income Trust (NASDAQ:OPI) last posted its earnings results on Wednesday, July 31st. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.93. Office Properties Income Trust had a return on equity of 1.11% and a net margin of 2.69%. The company had revenue of $123.69 million for the quarter, compared to analyst estimates of $123.45 million. On average, analysts anticipate that Office Properties Income Trust will post 2.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Office Properties Income Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Office Properties Income Trust by 0.9% during the first quarter. Vanguard Group Inc. now owns 4,920,629 shares of the company’s stock valued at $10,038,000 after acquiring an additional 45,874 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Office Properties Income Trust by 72.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,332,026 shares of the company’s stock valued at $2,717,000 after purchasing an additional 559,329 shares during the period. Pacific Ridge Capital Partners LLC bought a new stake in shares of Office Properties Income Trust in the 1st quarter valued at approximately $1,915,000. Privium Fund Management B.V. bought a new stake in shares of Office Properties Income Trust in the 1st quarter valued at approximately $412,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Office Properties Income Trust in the 1st quarter valued at approximately $364,000. 64.41% of the stock is currently owned by institutional investors.

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.