Office Properties Income Trust (OPI) to Release Earnings on Wednesday

Office Properties Income Trust (NASDAQ:OPI) is scheduled to release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Office Properties Income Trust to post earnings of $0.81 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Office Properties Income Trust (NASDAQ:OPI) last announced its earnings results on Thursday, February 15th. The company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of $0.98 by ($1.75). 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 $133.77 million for the quarter, compared to analysts’ expectations of $133.03 million. On average, analysts expect Office Properties Income Trust to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Office Properties Income Trust Price Performance

Shares of OPI opened at $1.98 on Wednesday. Office Properties Income Trust has a fifty-two week low of $1.81 and a fifty-two week high of $8.80. The firm’s 50 day moving average price is $2.39 and its 200 day moving average price is $4.15. The company has a market cap of $96.54 million, a P/E ratio of -1.38, a PEG ratio of 0.06 and a beta of 1.20. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.05.

Office Properties Income Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Friday, April 19th. Office Properties Income Trust’s dividend payout ratio is presently -2.78%.

Wall Street Analyst Weigh In

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

Office Properties Income Trust Company Profile

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.