B. Riley Issues Pessimistic Forecast for OPI Earnings

Office Properties Income Trust (NASDAQ:OPI) – Equities research analysts at B. Riley cut their FY2024 earnings per share (EPS) estimates for Office Properties Income Trust in a report released on Wednesday, November 27th. B. Riley analyst B. Maher now forecasts that the company will earn $2.15 per share for the year, down from their prior forecast of $2.16. The consensus estimate for Office Properties Income Trust’s current full-year earnings is $2.26 per share. B. Riley also issued estimates for Office Properties Income Trust’s Q4 2024 earnings at $0.33 EPS, Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.32 EPS, Q1 2026 earnings at $0.38 EPS and FY2026 earnings at $1.49 EPS.

Office Properties Income Trust (NASDAQ:OPI) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($1.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($1.61). Office Properties Income Trust had a negative return on equity of 1.92% and a negative net margin of 4.75%. The company had revenue of $120.62 million for the quarter, compared to the consensus estimate of $119.93 million.

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

Office Properties Income Trust Trading Down 9.3 %

Shares of OPI opened at $1.56 on Thursday. The stock has a market capitalization of $87.02 million, a P/E ratio of -3.47 and a beta of 1.18. Office Properties Income Trust has a twelve month low of $1.06 and a twelve month high of $7.53. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.82. The firm has a fifty day simple moving average of $1.76 and a two-hundred day simple moving average of $2.09.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Optas LLC purchased a new position in shares of Office Properties Income Trust during the second quarter valued at approximately $34,000. Point72 DIFC Ltd bought a new position in Office Properties Income Trust during the 2nd quarter valued at approximately $34,000. Vanguard Personalized Indexing Management LLC raised its stake in Office Properties Income Trust by 40.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,758 shares of the company’s stock valued at $34,000 after buying an additional 4,798 shares during the last quarter. Summit Securities Group LLC bought a new stake in Office Properties Income Trust in the second quarter worth $55,000. Finally, Quadrature Capital Ltd bought a new stake in Office Properties Income Trust in the third quarter worth $65,000. Institutional investors own 64.41% of the company’s stock.

Office Properties Income Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Monday, October 28th. Office Properties Income Trust’s payout ratio is currently -8.89%.

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.