Charles Schwab Investment Management Inc. Has $549,000 Position in Office Properties Income Trust (NASDAQ:OPI)

Charles Schwab Investment Management Inc. cut its position in Office Properties Income Trust (NASDAQ:OPI) by 48.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 548,817 shares of the company’s stock after selling 506,009 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.98% of Office Properties Income Trust worth $549,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OPI. RBF Capital LLC grew 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 worth $1,287,000 after purchasing an additional 82,872 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Office Properties Income Trust during the third quarter worth approximately $65,000. Jane Street Group LLC increased its stake in Office Properties Income Trust by 47.1% during the 3rd quarter. Jane Street Group LLC now owns 341,655 shares of the company’s stock worth $745,000 after acquiring an additional 109,344 shares during the period. Barclays PLC raised its holdings in Office Properties Income Trust by 141.7% in the 3rd quarter. Barclays PLC now owns 83,246 shares of the company’s stock valued at $182,000 after acquiring an additional 48,807 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Office Properties Income Trust by 1,375.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 614,565 shares of the company’s stock valued at $1,340,000 after acquiring an additional 572,913 shares during the period. 64.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Office Properties Income Trust Price Performance

Shares of NASDAQ:OPI opened at $0.46 on Tuesday. The firm has a 50 day moving average of $0.84 and a 200-day moving average of $1.28. Office Properties Income Trust has a 12 month low of $0.44 and a 12 month high of $3.02. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $31.84 million, a PE ratio of -0.21 and a beta of 1.25.

Office Properties Income Trust (NASDAQ:OPI) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.36 EPS 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 during the quarter.

Office Properties Income Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were given a dividend of $0.01 per share. The ex-dividend date was Monday, January 27th. This represents a $0.04 annualized dividend and a dividend yield of 8.77%. Office Properties Income Trust’s dividend payout ratio is currently -1.82%.

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.