Shares of Office Properties Income Trust (NASDAQ:OPI) have been assigned an average broker rating score of 2.80 (Hold) from the five brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating on the company. Office Properties Income Trust’s rating score has improved by 6.7% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokerages have set a 12-month consensus target price of $31.60 for the company and are anticipating that the company will post $1.28 EPS for the current quarter, according to Zacks. Zacks has also given Office Properties Income Trust an industry rank of 82 out of 256 based on the ratings given to related companies.
A number of research firms have recently weighed in on OPI. Jefferies Financial Group set a €8.10 ($9.42) price target on shares of Commerzbank and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Morgan Stanley initiated coverage on shares of in a research report on Monday, June 17th. They set an “equal weight” rating and a GBX 215 ($2.81) price objective for the company. Zacks Investment Research upgraded shares of Scholar Rock from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Wednesday. Finally, Royal Bank of Canada restated an “outperform” rating and set a GBX 670 ($8.75) price objective on shares of in a research report on Friday, June 28th.
Shares of NASDAQ OPI traded down $0.42 during midday trading on Friday, reaching $26.37. The company’s stock had a trading volume of 4,527 shares, compared to its average volume of 447,066. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.69. Office Properties Income Trust has a fifty-two week low of $23.36 and a fifty-two week high of $68.84. The stock’s 50 day moving average price is $25.65. The firm has a market cap of $1.27 billion, a P/E ratio of 3.32, a P/E/G ratio of 1.02 and a beta of 1.65.
Office Properties Income Trust (NASDAQ:OPI) last released its quarterly earnings results on Friday, May 3rd. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.16. Office Properties Income Trust had a net margin of 1.13% and a return on equity of 0.95%. The company had revenue of $174.80 million during the quarter, compared to the consensus estimate of $177.83 million. During the same period in the previous year, the business earned $2.18 earnings per share. The firm’s quarterly revenue was up 60.8% on a year-over-year basis. Sell-side analysts anticipate that Office Properties Income Trust will post 5.27 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in OPI. Capital Investment Advisory Services LLC bought a new stake in shares of Office Properties Income Trust during the first quarter worth $27,000. Versant Capital Management Inc bought a new stake in shares of Office Properties Income Trust during the first quarter worth $29,000. Sound Income Strategies LLC bought a new stake in shares of Office Properties Income Trust during the first quarter worth $35,000. Rehmann Capital Advisory Group bought a new stake in shares of Office Properties Income Trust during the first quarter worth $36,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Office Properties Income Trust during the fourth quarter worth $39,000. Institutional investors and hedge funds own 66.52% of the company’s stock.
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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