Brokerages expect Office Properties Income Trust (NASDAQ:OPI) to report sales of $164.33 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Office Properties Income Trust’s earnings, with estimates ranging from $156.50 million to $172.16 million. Office Properties Income Trust posted sales of $108.09 million in the same quarter last year, which suggests a positive year-over-year growth rate of 52%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Friday, August 2nd.
On average, analysts expect that Office Properties Income Trust will report full-year sales of $644.45 million for the current year, with estimates ranging from $615.13 million to $675.99 million. For the next financial year, analysts forecast that the company will report sales of $617.46 million, with estimates ranging from $579.78 million to $658.96 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Office Properties Income Trust.
Office Properties Income Trust (NASDAQ:OPI) last announced its earnings results on Friday, May 3rd. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.16. The company had revenue of $174.80 million during the quarter, compared to analyst estimates of $177.83 million. Office Properties Income Trust had a net margin of 1.13% and a return on equity of 0.95%. The firm’s quarterly revenue was up 60.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.18 earnings per share.
Several brokerages recently issued reports on OPI. Zacks Investment Research lowered shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday. Jefferies Financial Group set a €8.10 ($9.42) target price on shares of Commerzbank and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Morgan Stanley assumed coverage on shares of in a research report on Monday, June 17th. They set an “equal weight” rating and a GBX 215 ($2.81) target price for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 670 ($8.75) price target on shares of in a report on Friday, June 28th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Office Properties Income Trust presently has a consensus rating of “Hold” and an average price target of $27.25.
Large investors have recently modified their holdings of the business. Capital Investment Advisory Services LLC purchased a new position in Office Properties Income Trust during the first quarter valued at approximately $27,000. Versant Capital Management Inc purchased a new position in shares of Office Properties Income Trust in the first quarter worth $29,000. Sound Income Strategies LLC purchased a new position in shares of Office Properties Income Trust in the first quarter worth $35,000. Rehmann Capital Advisory Group purchased a new position in shares of Office Properties Income Trust in the first quarter worth $36,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Office Properties Income Trust in the fourth quarter worth $39,000. 66.52% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ OPI traded down $0.25 during trading hours on Monday, hitting $26.24. 240,527 shares of the company’s stock traded hands, compared to its average volume of 402,201. The stock has a fifty day simple moving average of $25.80. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 3.30, a P/E/G ratio of 1.00 and a beta of 1.65. Office Properties Income Trust has a 52 week low of $23.36 and a 52 week high of $68.84.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 29th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 8.38%. The ex-dividend date of this dividend is Friday, July 26th. Office Properties Income Trust’s dividend payout ratio is currently 27.67%.
Office Properties Income Trust Company Profile
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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