Office Properties Income Trust Plans Quarterly Dividend of $0.55 (NASDAQ:OPI)

Office Properties Income Trust (NASDAQ:OPI) declared a quarterly dividend on Friday, January 14th, investing.com reports. Investors of record on Monday, January 24th will be paid a dividend of 0.55 per share on Thursday, February 17th. This represents a $2.20 dividend on an annualized basis and a yield of 7.88%. The ex-dividend date is Friday, January 21st.

Office Properties Income Trust has decreased its dividend by 68.0% over the last three years. Office Properties Income Trust has a payout ratio of -440.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Office Properties Income Trust to earn $4.74 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 46.4%.

Shares of OPI opened at $27.92 on Friday. The business’s 50-day moving average price is $25.47 and its 200 day moving average price is $26.66. Office Properties Income Trust has a 1-year low of $22.83 and a 1-year high of $31.69. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.50 and a quick ratio of 1.50.

Office Properties Income Trust (NASDAQ:OPI) last announced its quarterly earnings data on Thursday, October 28th. The company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $1.21 by ($1.13). Office Properties Income Trust had a negative return on equity of 1.71% and a negative net margin of 4.65%. The business had revenue of $147.57 million for the quarter, compared to analyst estimates of $138.72 million. During the same quarter in the previous year, the business posted $1.30 earnings per share. On average, equities research analysts anticipate that Office Properties Income Trust will post 4.6 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Advisers LP bought a new position in Office Properties Income Trust in the 3rd quarter worth approximately $224,000. LPL Financial LLC increased its position in Office Properties Income Trust by 4.0% in the 3rd quarter. LPL Financial LLC now owns 38,049 shares of the company’s stock worth $964,000 after buying an additional 1,467 shares during the period. Millennium Management LLC increased its position in Office Properties Income Trust by 63.2% in the 3rd quarter. Millennium Management LLC now owns 42,566 shares of the company’s stock worth $1,078,000 after buying an additional 16,489 shares during the period. UBS Group AG increased its position in Office Properties Income Trust by 54.4% in the 3rd quarter. UBS Group AG now owns 83,830 shares of the company’s stock worth $2,123,000 after buying an additional 29,522 shares during the period. Finally, Morgan Stanley increased its position in Office Properties Income Trust by 143.6% in the 2nd quarter. Morgan Stanley now owns 333,254 shares of the company’s stock worth $9,768,000 after buying an additional 196,442 shares during the period. Hedge funds and other institutional investors own 73.12% of the company’s stock.

A number of equities research analysts have commented on the company. Morgan Stanley decreased their price objective on Office Properties Income Trust from $22.00 to $21.00 and set an “underweight” rating for the company in a research report on Tuesday, December 14th. Zacks Investment Research lowered Office Properties Income Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 5th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Office Properties Income Trust has an average rating of “Hold” and a consensus price target of $29.60.

About Office Properties Income Trust

Office Properties Income Trust 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.

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Dividend History for Office Properties Income Trust (NASDAQ:OPI)

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