Office Properties Income Trust (NASDAQ:OPI) Releases Earnings Results, Misses Estimates By $0.92 EPS

Office Properties Income Trust (NASDAQ:OPI) issued its earnings results on Wednesday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.92), Zacks reports. Office Properties Income Trust had a negative return on equity of 5.28% and a negative net margin of 13.01%. The business had revenue of $139.44 million for the quarter, compared to analysts’ expectations of $128.28 million. During the same period last year, the company posted $1.09 earnings per share.

Office Properties Income Trust Stock Up 29.5 %

Shares of NASDAQ OPI traded up $0.59 during midday trading on Thursday, reaching $2.59. 4,228,486 shares of the company’s stock were exchanged, compared to its average volume of 1,327,538. Office Properties Income Trust has a 52-week low of $1.81 and a 52-week high of $8.80. The stock has a market capitalization of $126.29 million, a PE ratio of -1.67, a price-to-earnings-growth ratio of 0.06 and a beta of 1.17. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.27 and a current ratio of 1.27. The business’s fifty day moving average price is $2.15 and its two-hundred day moving average price is $4.04.

Office Properties Income Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, April 19th. Office Properties Income Trust’s payout ratio is -2.78%.

Wall Street Analyst Weigh In

OPI has been the subject of several research analyst reports. Morgan Stanley dropped their price objective on Office Properties Income Trust from $1.80 to $1.60 and set an “underweight” rating for the company in a research note on Thursday, March 28th. StockNews.com cut Office Properties Income Trust from a “hold” rating to a “sell” rating in a report on Monday, February 19th.

About Office Properties Income Trust

OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of December 31, 2023, approximately 64% of OPI's revenues were from investment grade rated tenants. OPI owned 152 properties as of December 31, 2023, with approximately 20.5 million square feet located in 30 states and Washington, DC In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year.