16,545 Shares in Office Properties Income Trust (NASDAQ:OPI) Bought by Point72 DIFC Ltd

Point72 DIFC Ltd bought a new position in Office Properties Income Trust (NASDAQ:OPI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,545 shares of the company’s stock, valued at approximately $34,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OPI. Pacific Ridge Capital Partners LLC acquired a new position in Office Properties Income Trust in the 1st quarter worth $1,915,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Office Properties Income Trust by 72.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,332,026 shares of the company’s stock worth $2,717,000 after buying an additional 559,329 shares in the last quarter. Privium Fund Management B.V. bought a new stake in Office Properties Income Trust during the 1st quarter worth about $412,000. Quadrature Capital Ltd bought a new stake in Office Properties Income Trust during the 1st quarter worth about $364,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Office Properties Income Trust during the 4th quarter worth about $634,000. 64.41% of the stock is owned by institutional investors and hedge funds.

Office Properties Income Trust Stock Up 1.9 %

Shares of OPI stock opened at $2.15 on Monday. 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’s 50-day moving average is $2.29 and its 200-day moving average is $2.21. The stock has a market cap of $108.10 million, a price-to-earnings ratio of -1.40 and a beta of 1.15. Office Properties Income Trust has a 52-week low of $1.81 and a 52-week high of $7.53.

Office Properties Income Trust (NASDAQ:OPI) last issued its earnings results on Wednesday, July 31st. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.93. The company had revenue of $123.69 million for the quarter, compared to analysts’ expectations of $123.45 million. Office Properties Income Trust had a net margin of 2.69% and a return on equity of 1.11%. Sell-side analysts predict that Office Properties Income Trust will post 2.38 EPS for the current year.

Office Properties Income Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 22nd were issued a $0.01 dividend. The ex-dividend date was Monday, July 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.86%. Office Properties Income Trust’s payout ratio is -2.60%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Office Properties Income Trust from a “hold” rating to a “buy” rating in a research report on Monday, September 2nd.

Office Properties Income Trust Profile

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.