Rhumbline Advisers Sells 44,906 Shares of Office Properties Income Trust (NASDAQ:OPI)

Rhumbline Advisers lowered its stake in Office Properties Income Trust (NASDAQ:OPI) by 50.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,534 shares of the company’s stock after selling 44,906 shares during the quarter. Rhumbline Advisers owned about 0.09% of Office Properties Income Trust worth $91,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Pacific Ridge Capital Partners LLC purchased a new stake in shares of Office Properties Income Trust during the 1st quarter valued at about $1,915,000. Mirae Asset Global Investments Co. Ltd. raised its holdings 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 valued at $2,717,000 after buying an additional 559,329 shares during the period. Privium Fund Management B.V. purchased a new position in Office Properties Income Trust during the first quarter worth $412,000. Quadrature Capital Ltd bought a new position in Office Properties Income Trust during the first quarter valued at $364,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Office Properties Income Trust in the fourth quarter valued at $634,000. Hedge funds and other institutional investors own 64.41% of the company’s stock.

Analyst Upgrades and Downgrades

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

Office Properties Income Trust Price Performance

Office Properties Income Trust stock opened at $2.18 on Tuesday. Office Properties Income Trust has a 1 year low of $1.81 and a 1 year high of $7.53. The stock has a market cap of $109.61 million, a price-to-earnings ratio of -1.42 and a beta of 1.15. The firm has a 50-day moving average of $2.29 and a two-hundred day moving average of $2.21. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.35 and a quick ratio of 1.35.

Office Properties Income Trust (NASDAQ:OPI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.93. The firm had revenue of $123.69 million during 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%. On average, research analysts forecast that Office Properties Income Trust will post 2.38 earnings per share for the current year.

Office Properties Income Trust Announces Dividend

The business also recently declared 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 of this dividend was Monday, July 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.83%. Office Properties Income Trust’s dividend payout ratio is presently -2.60%.

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.