JRM Investment Counsel LLC purchased a new stake in shares of Office Properties Income Trust (NASDAQ:OPI) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 32,424 shares of the company’s stock, valued at approximately $896,000. Office Properties Income Trust comprises approximately 0.7% of JRM Investment Counsel LLC’s portfolio, making the stock its 25th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. Capital Investment Advisory Services LLC purchased a new stake in Office Properties Income Trust in the 1st quarter valued at about $27,000. Versant Capital Management Inc purchased a new stake in Office Properties Income Trust during the first quarter worth about $29,000. Sound Income Strategies LLC purchased a new stake in Office Properties Income Trust during the first quarter worth about $35,000. Public Employees Retirement System of Ohio purchased a new stake in Office Properties Income Trust during the fourth quarter worth about $39,000. Finally, LS Investment Advisors LLC purchased a new stake in Office Properties Income Trust during the first quarter worth about $39,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of OPI stock traded up $0.03 during trading hours on Tuesday, reaching $23.97. 835 shares of the stock were exchanged, compared to its average volume of 246,624. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.18 and a current ratio of 1.18. Office Properties Income Trust has a 12-month low of $23.36 and a 12-month high of $68.84. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 3.01, a PEG ratio of 0.91 and a beta of 1.63.

Office Properties Income Trust (NASDAQ:OPI) last released its earnings results on Friday, May 3rd. The company reported $1.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.16. The firm had revenue of $174.80 million for the quarter, compared to analyst estimates of $177.83 million. Office Properties Income Trust had a net margin of 1.13% and a return on equity of 0.95%. The business’s quarterly revenue was up 60.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.18 earnings per share. Equities analysts forecast that Office Properties Income Trust will post 5.27 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, April 29th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 9.18%. The ex-dividend date of this dividend was Friday, April 26th. Office Properties Income Trust’s dividend payout ratio (DPR) is 27.67%.

A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Office Properties Income Trust from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, May 14th. Jefferies Financial Group upgraded shares of Office Properties Income Trust from an “underperform” rating to a “hold” rating and boosted their price target for the stock from $23.00 to $25.00 in a research note on Wednesday, May 8th. They noted that the move was a valuation call. Royal Bank of Canada cut their price target on shares of Office Properties Income Trust to $27.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 13th. Finally, ValuEngine lowered shares of Office Properties Income Trust from a “sell” rating to a “strong sell” rating in a research note on Friday, March 1st.

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Office Properties Income Trust Profile

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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Institutional Ownership by Quarter for Office Properties Income Trust (NASDAQ:OPI)

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