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

Office Properties Income Trust (NASDAQ:OPI) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

Office Properties Income Trust Stock Performance

NASDAQ:OPI traded down $0.05 during trading hours on Monday, reaching $0.91. The company had a trading volume of 670,840 shares, compared to its average volume of 420,463. The firm has a market cap of $50.80 million, a PE ratio of -2.02 and a beta of 1.25. Office Properties Income Trust has a 1-year low of $0.86 and a 1-year high of $4.03. The business’s 50 day moving average price is $1.00 and its 200-day moving average price is $1.59. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.89 and a quick ratio of 1.89.

Office Properties Income Trust (NASDAQ:OPI) last posted its earnings results on Thursday, February 13th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.97. The business had revenue of $118.24 million for the quarter. Office Properties Income Trust had a negative net margin of 4.75% and a negative return on equity of 1.92%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Tidal Investments LLC acquired a new stake in shares of Office Properties Income Trust in the fourth quarter valued at approximately $30,000. Price T Rowe Associates Inc. MD grew its holdings in Office Properties Income Trust by 40.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,041 shares of the company’s stock valued at $51,000 after buying an additional 14,800 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Office Properties Income Trust during the 3rd quarter worth $65,000. Barclays PLC raised its holdings in shares of Office Properties Income Trust by 20.6% during the 4th quarter. Barclays PLC now owns 100,361 shares of the company’s stock worth $101,000 after acquiring an additional 17,115 shares during the period. Finally, Catalyst Funds Management Pty Ltd boosted its position in shares of Office Properties Income Trust by 1,172.0% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 122,116 shares of the company’s stock valued at $122,000 after acquiring an additional 112,516 shares during the last quarter. 64.41% of the stock is owned by hedge funds and other institutional investors.

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.