JPMorgan Chase & Co. Has $1.34 Million Position in Office Properties Income Trust (NASDAQ:OPI)

JPMorgan Chase & Co. boosted its position in Office Properties Income Trust (NASDAQ:OPI) by 1,375.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 614,565 shares of the company’s stock after buying an additional 572,913 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.10% of Office Properties Income Trust worth $1,340,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Point72 DIFC Ltd bought a new position in Office Properties Income Trust during the second quarter worth about $34,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of Office Properties Income Trust by 40.1% in 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. Quadrature Capital Ltd bought a new position in shares of Office Properties Income Trust during the 3rd quarter worth approximately $65,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Office Properties Income Trust during the 2nd quarter worth approximately $145,000. Finally, Marshall Wace LLP bought a new stake in Office Properties Income Trust in the 2nd quarter valued at $161,000. Institutional investors and hedge funds own 64.41% of the company’s stock.

Analyst Upgrades and Downgrades

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

Office Properties Income Trust Stock Performance

NASDAQ:OPI opened at $0.92 on Friday. The stock’s 50-day moving average is $1.16 and its 200-day moving average is $1.78. Office Properties Income Trust has a 1-year low of $0.86 and a 1-year high of $4.06. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 1.82. The stock has a market cap of $51.04 million, a P/E ratio of -2.03 and a beta of 1.25.

Office Properties Income Trust (NASDAQ:OPI) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($1.14) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $119.93 million.

Office Properties Income Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, January 27th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 4.37%. Office Properties Income Trust’s dividend payout ratio (DPR) is presently -8.89%.

Office Properties Income Trust Profile

Office Properties Income Trust is a real estate investment trust. It owns, operates, and leases office buildings to single tenants and multi-tenant buildings. The company was founded on February 17, 2009 and is headquartered in Newton, MA.