Office Properties Income Trust (NASDAQ:OPI) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of Office Properties Income Trust (NASDAQ:OPI) from a hold rating to a sell rating in a research note released on Monday.

Office Properties Income Trust Stock Down 3.9 %

OPI stock opened at $0.86 on Monday. Office Properties Income Trust has a fifty-two week low of $0.84 and a fifty-two week high of $3.73. The business’s 50 day moving average price is $0.98 and its two-hundred day moving average price is $1.58. The company has a debt-to-equity ratio of 2.20, a quick ratio of 3.78 and a current ratio of 3.78. The company has a market capitalization of $59.89 million, a price-to-earnings ratio of -0.39 and a beta of 1.25.

Office Properties Income Trust (NASDAQ:OPI) last issued its quarterly earnings results 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 company had revenue of $118.24 million for the quarter. Office Properties Income Trust had a negative return on equity of 10.86% and a negative net margin of 27.11%.

Office Properties Income Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, January 27th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 4.66%. The ex-dividend date is Monday, January 27th. Office Properties Income Trust’s payout ratio is currently -1.82%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP purchased a new stake in shares of Office Properties Income Trust in the third quarter worth $704,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Office Properties Income Trust by 42.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 557,107 shares of the company’s stock valued at $1,214,000 after purchasing an additional 167,031 shares during the last quarter. Littlejohn & Co. LLC bought a new stake in Office Properties Income Trust during the 3rd quarter valued at about $198,000. RBF Capital LLC increased its stake in Office Properties Income Trust by 16.3% during the 3rd quarter. RBF Capital LLC now owns 590,366 shares of the company’s stock valued at $1,287,000 after purchasing an additional 82,872 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Office Properties Income Trust in the third quarter worth about $65,000. Institutional investors own 64.41% of the company’s stock.

About Office Properties Income Trust

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.