Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Office Properties Income Trust (NASDAQ:OPI) during the first quarter, Holdings Channel reports. The institutional investor acquired 9,230 shares of the company’s stock, valued at approximately $255,000.

Other hedge funds have also recently modified their holdings of the company. Capital Investment Advisory Services LLC bought a new stake in Office Properties Income Trust during the 1st quarter worth $27,000. Versant Capital Management Inc bought a new stake in Office Properties Income Trust during the 1st quarter worth $29,000. Sound Income Strategies LLC bought a new stake in shares of Office Properties Income Trust in the 1st quarter valued at about $35,000. Public Employees Retirement System of Ohio bought a new stake in shares of Office Properties Income Trust in the 4th quarter valued at about $39,000. Finally, Truvestments Capital LLC bought a new stake in shares of Office Properties Income Trust in the 1st quarter valued at about $44,000.

OPI has been the topic of a number of analyst reports. Royal Bank of Canada reduced their price target on Office Properties Income Trust to $27.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 13th. ValuEngine lowered Office Properties Income Trust from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Zacks Investment Research upgraded Office Properties Income Trust from a “strong sell” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Thursday, March 7th. Finally, Jefferies Financial Group upgraded Office Properties Income Trust from an “underperform” rating to a “hold” rating and upped their price target for the company from $23.00 to $25.00 in a research report on Wednesday, May 8th. They noted that the move was a valuation call.

NASDAQ OPI opened at $27.27 on Thursday. Office Properties Income Trust has a 12 month low of $25.05 and a 12 month high of $68.84. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 3.43, a P/E/G ratio of 1.01 and a beta of 1.65. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.18 and a current ratio of 1.18.

Office Properties Income Trust (NASDAQ:OPI) last released its quarterly earnings results on Thursday, February 28th. The company reported ($1.58) EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($2.87). The company had revenue of $103.66 million during the quarter, compared to the consensus estimate of $90.22 million. Office Properties Income Trust had a net margin of 1.13% and a return on equity of 0.95%. Equities research analysts expect that Office Properties Income Trust will post 5.27 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 29th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 8.07%. The ex-dividend date is Friday, April 26th. Office Properties Income Trust’s dividend payout ratio is 27.67%.

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About Office Properties Income Trust

Office Properties Income Trust is a real estate investment trust, or REIT, which owns buildings primarily leased to single tenants and those with high credit quality characteristics like government entities. In December 2018, our predecessor company Government Properties Income Trust, or GOV, merged with Select Income REIT, or SIR, and the combined company was renamed Office Properties Income Trust, or OPI.

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Institutional Ownership by Quarter for Office Properties Income Trust (NASDAQ:OPI)

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