Equities research analysts expect Office Properties Income Trust (NASDAQ:OPI) to report $1.31 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Office Properties Income Trust’s earnings. The highest EPS estimate is $1.34 and the lowest is $1.28. Office Properties Income Trust reported earnings per share of $2.08 during the same quarter last year, which suggests a negative year over year growth rate of 37%. The company is expected to announce its next quarterly earnings results before the market opens on Friday, August 2nd.

On average, analysts expect that Office Properties Income Trust will report full year earnings of $5.29 per share for the current financial year, with EPS estimates ranging from $5.24 to $5.32. For the next financial year, analysts forecast that the business will report earnings of $5.00 per share, with EPS estimates ranging from $4.81 to $5.14. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Office Properties Income Trust.

Office Properties Income Trust (NASDAQ:OPI) last announced its quarterly earnings data on Friday, May 3rd. The company reported $1.53 EPS for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.16. Office Properties Income Trust had a return on equity of 0.95% and a net margin of 1.13%. The business had revenue of $174.80 million during the quarter, compared to the consensus estimate of $177.83 million. During the same period in the previous year, the company posted $2.18 earnings per share. The business’s revenue for the quarter was up 60.8% on a year-over-year basis.

A number of equities analysts have recently commented on the company. Morgan Stanley assumed coverage on in a research report on Monday, June 17th. They set an “equal weight” rating and a GBX 215 ($2.81) price objective for the company. Royal Bank of Canada reissued an “outperform” rating and set a GBX 670 ($8.75) price objective on shares of in a research report on Friday, June 28th. Zacks Investment Research downgraded H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Jefferies Financial Group set a €8.10 ($9.42) price objective on Commerzbank and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $27.25.

A number of hedge funds have recently bought and sold shares of OPI. Garner Asset Management Corp raised its stake in shares of Office Properties Income Trust by 95.7% during the second quarter. Garner Asset Management Corp now owns 213,514 shares of the company’s stock worth $5,609,000 after purchasing an additional 104,434 shares during the last quarter. Camelot Portfolios LLC raised its stake in shares of Office Properties Income Trust by 18.3% during the second quarter. Camelot Portfolios LLC now owns 63,249 shares of the company’s stock worth $1,662,000 after purchasing an additional 9,800 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Office Properties Income Trust by 889.9% during the second quarter. Nisa Investment Advisors LLC now owns 24,797 shares of the company’s stock worth $651,000 after purchasing an additional 22,292 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Office Properties Income Trust during the first quarter worth approximately $669,000. Finally, First Trust Advisors LP purchased a new stake in shares of Office Properties Income Trust during the first quarter worth approximately $1,989,000. Hedge funds and other institutional investors own 66.52% of the company’s stock.

Shares of Office Properties Income Trust stock traded down $0.25 on Friday, reaching $26.24. 240,527 shares of the company were exchanged, compared to its average volume of 402,201. Office Properties Income Trust has a 1-year low of $23.36 and a 1-year high of $68.84. The company has a market capitalization of $1.27 billion, a P/E ratio of 3.30, a P/E/G ratio of 1.00 and a beta of 1.65. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s 50 day moving average is $25.80.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 29th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 8.38%. The ex-dividend date of this dividend is Friday, July 26th. Office Properties Income Trust’s payout ratio is 27.67%.

Office Properties Income Trust Company 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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Earnings History and Estimates for Office Properties Income Trust (NASDAQ:OPI)

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