Connor Clark & Lunn Investment Management Ltd. Acquires 36,126 Shares of Office Properties Income Trust (NASDAQ:OPI)

Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Office Properties Income Trust (NASDAQ:OPI) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 593,233 shares of the company’s stock after acquiring an additional 36,126 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 1.06% of Office Properties Income Trust worth $593,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in OPI. Quadrature Capital Ltd bought a new position in Office Properties Income Trust in the 3rd quarter worth $65,000. Barclays PLC raised its stake in shares of Office Properties Income Trust by 141.7% in the third quarter. Barclays PLC now owns 83,246 shares of the company’s stock worth $182,000 after buying an additional 48,807 shares during the period. RBF Capital LLC lifted its position in shares of Office Properties Income Trust by 16.3% during the 3rd quarter. RBF Capital LLC now owns 590,366 shares of the company’s stock valued at $1,287,000 after buying an additional 82,872 shares in the last quarter. Littlejohn & Co. LLC purchased a new stake in shares of Office Properties Income Trust in the third quarter worth $198,000. Finally, Jane Street Group LLC lifted its position in shares of Office Properties Income Trust by 47.1% in the third quarter. Jane Street Group LLC now owns 341,655 shares of the company’s stock valued at $745,000 after acquiring an additional 109,344 shares in the last quarter. 64.41% of the stock is currently owned by institutional investors.

Office Properties Income Trust Trading Down 1.9 %

Shares of Office Properties Income Trust stock opened at $0.58 on Friday. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 2.20. The firm has a market cap of $40.50 million, a price-to-earnings ratio of -0.26 and a beta of 1.25. Office Properties Income Trust has a twelve month low of $0.44 and a twelve month high of $3.02. The business has a 50-day moving average price of $0.88 and a 200-day moving average price of $1.36.

Office Properties Income Trust (NASDAQ:OPI) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.36 earnings per share for the quarter, topping 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 company had revenue of $118.24 million for the quarter.

Office Properties Income Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date of this dividend was Monday, January 27th. Office Properties Income Trust’s dividend payout ratio (DPR) is presently -1.82%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Office Properties Income Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th.

About Office Properties Income Trust

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.