Office Properties Income Trust (OPI) Set to Announce Earnings on Wednesday

Office Properties Income Trust (NASDAQ:OPI) is set to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Office Properties Income Trust to post earnings of $0.50 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

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. The company had revenue of $123.69 million for the quarter, compared to analyst estimates of $123.45 million. Office Properties Income Trust had a return on equity of 1.11% and a net margin of 2.69%. On average, analysts expect Office Properties Income Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Office Properties Income Trust Stock Down 1.5 %

Office Properties Income Trust stock opened at $1.96 on Wednesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market capitalization of $98.55 million, a price-to-earnings ratio of -1.27 and a beta of 1.15. 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 fifty day moving average is $2.15 and its two-hundred day moving average is $2.21.

Office Properties Income Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Monday, October 28th. Office Properties Income Trust’s dividend payout ratio (DPR) is -2.60%.

Analyst Ratings Changes

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

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.