Office Properties Income Trust (NASDAQ:OPI) Stock Rating Upgraded by StockNews.com

Office Properties Income Trust (NASDAQ:OPI) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Separately, Morgan Stanley dropped their price target on Office Properties Income Trust from $1.80 to $1.60 and set an “underweight” rating for the company in a research note on Thursday, March 28th.

Office Properties Income Trust Stock Up 12.1 %

OPI traded up $0.31 during trading on Thursday, hitting $2.87. 3,604,453 shares of the company’s stock traded hands, compared to its average volume of 968,599. The company’s 50 day simple moving average is $2.14 and its two-hundred day simple moving average is $4.01. The company has a current ratio of 1.82, a quick ratio of 1.27 and a debt-to-equity ratio of 2.06. Office Properties Income Trust has a 12-month low of $1.81 and a 12-month high of $8.80. The stock has a market capitalization of $139.91 million, a price-to-earnings ratio of -1.86, a PEG ratio of 0.08 and a beta of 1.18.

Office Properties Income Trust (NASDAQ:OPI) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.92). The firm had revenue of $139.44 million during the quarter, compared to analysts’ expectations of $128.28 million. Office Properties Income Trust had a negative return on equity of 5.76% and a negative net margin of 13.72%. During the same quarter last year, the business earned $1.09 earnings per share. Analysts predict that Office Properties Income Trust will post 2.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Office Properties Income Trust

Several institutional investors and hedge funds have recently bought and sold shares of OPI. Callan Capital LLC acquired a new stake in shares of Office Properties Income Trust during the first quarter worth $64,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Office Properties Income Trust by 72.4% during the first 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 during the period. Privium Fund Management B.V. acquired a new stake in shares of Office Properties Income Trust during the first quarter worth $412,000. Los Angeles Capital Management LLC lifted its stake in shares of Office Properties Income Trust by 86.6% during the first quarter. Los Angeles Capital Management LLC now owns 145,788 shares of the company’s stock worth $297,000 after buying an additional 67,650 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Office Properties Income Trust during the fourth quarter worth $634,000. 64.41% of the stock is owned by hedge funds and other institutional investors.

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.