Office Properties Income Trust (NASDAQ:OPI) Posts Earnings Results, Misses Estimates By $0.92 EPS

Office Properties Income Trust (NASDAQ:OPI) issued its earnings results on Wednesday. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.92), Zacks reports. Office Properties Income Trust had a negative net margin of 13.01% and a negative return on equity of 5.28%. The business had revenue of $139.44 million during the quarter, compared to analysts’ expectations of $128.28 million. During the same period in the prior year, the business posted $1.09 EPS.

Office Properties Income Trust Stock Performance

Shares of NASDAQ OPI traded up $0.55 during midday trading on Thursday, hitting $2.55. The company’s stock had a trading volume of 5,221,130 shares, compared to its average volume of 1,330,554. Office Properties Income Trust has a 1-year low of $1.81 and a 1-year high of $8.80. The firm’s fifty day moving average price is $2.15 and its 200-day moving average price is $4.04. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap of $124.34 million, a P/E ratio of -1.80, a P/E/G ratio of 0.06 and a beta of 1.17.

Office Properties Income Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Friday, April 19th. Office Properties Income Trust’s dividend payout ratio is currently -2.78%.

Analysts Set New Price Targets

OPI has been the topic of a number of research reports. StockNews.com downgraded shares of Office Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Morgan Stanley cut their target price on shares of Office Properties Income Trust from $1.80 to $1.60 and set an “underweight” rating on the stock in a research note on Thursday, March 28th.

Office Properties Income Trust Company 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.