Office Properties Income Trust (NASDAQ:OPI) Declares $0.01 Quarterly Dividend

Office Properties Income Trust (NASDAQ:OPI) declared a quarterly dividend on Thursday, April 10th, RTT News reports. Stockholders of record on Tuesday, April 22nd will be paid a dividend of 0.01 per share on Thursday, May 15th. This represents a $0.04 annualized dividend and a dividend yield of 10.95%.

Office Properties Income Trust has decreased its dividend by an average of 73.7% annually over the last three years. Office Properties Income Trust has a dividend payout ratio of -1.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Office Properties Income Trust Price Performance

NASDAQ:OPI traded down $0.02 during trading hours on Thursday, reaching $0.37. 228,882 shares of the company’s stock were exchanged, compared to its average volume of 860,398. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 2.20. The company has a market capitalization of $25.50 million, a P/E ratio of -0.17 and a beta of 1.58. Office Properties Income Trust has a 12 month low of $0.35 and a 12 month high of $3.02. The business’s 50-day simple moving average is $0.74 and its two-hundred day simple moving average is $1.18.

Office Properties Income Trust (NASDAQ:OPI) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of ($0.61) by $0.97. The business had revenue of $118.24 million during the quarter. Office Properties Income Trust had a negative return on equity of 10.86% and a negative net margin of 27.11%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Office Properties Income Trust in a research note on Friday, April 4th. They issued a “hold” rating on the stock.

Office Properties Income Trust Company Profile

Office Properties Income Trust is a real estate investment trust. It owns, operates, and leases office buildings to single tenants and multi-tenant buildings. The company was founded on February 17, 2009 and is headquartered in Newton, MA.