Office Properties Income Trust (NASDAQ:OPI) Raised to “Hold” at StockNews.com

Office Properties Income Trust (NASDAQ:OPI) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

Office Properties Income Trust Stock Performance

NASDAQ:OPI opened at $0.91 on Wednesday. The firm has a market capitalization of $63.71 million, a PE ratio of -0.41 and a beta of 1.25. The stock’s fifty day moving average is $0.94 and its 200 day moving average is $1.53. Office Properties Income Trust has a fifty-two week low of $0.84 and a fifty-two week high of $3.02. The company has a debt-to-equity ratio of 2.20, a quick ratio of 3.78 and a current ratio of 3.78.

Office Properties Income Trust (NASDAQ:OPI) last announced its earnings results on Thursday, February 13th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.97. Office Properties Income Trust had a negative net margin of 27.11% and a negative return on equity of 10.86%. The business had revenue of $118.24 million for the quarter.

Institutional Trading of Office Properties Income Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. MSD Partners L.P. purchased a new position in Office Properties Income Trust during the 4th quarter valued at about $5,052,000. D. E. Shaw & Co. Inc. boosted its stake in shares of Office Properties Income Trust by 198.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 3,965,620 shares of the company’s stock valued at $3,965,000 after purchasing an additional 2,636,589 shares in the last quarter. Foursixthree Capital LP purchased a new position in Office Properties Income Trust during the fourth quarter valued at approximately $1,578,000. CastleKnight Management LP raised its stake in Office Properties Income Trust by 48.6% in the fourth quarter. CastleKnight Management LP now owns 3,309,732 shares of the company’s stock worth $3,309,000 after buying an additional 1,081,931 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its holdings in Office Properties Income Trust by 50.5% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,866,238 shares of the company’s stock worth $1,866,000 after buying an additional 626,339 shares during the period. Institutional investors own 64.41% of the company’s stock.

Office Properties Income Trust Company 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.