Office Properties Income Trust (NASDAQ:OPI) Stock Rating Upgraded by StockNews.com

Office Properties Income Trust (NASDAQ:OPI) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Office Properties Income Trust Stock Performance

Shares of OPI opened at $0.91 on Wednesday. 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 stock has a 50-day moving average of $0.94 and a two-hundred day moving average of $1.53. The stock has a market cap of $63.71 million, a P/E ratio of -0.41 and a beta of 1.25. Office Properties Income Trust has a one year low of $0.84 and a one year high of $3.02.

Office Properties Income Trust (NASDAQ:OPI) last released its earnings results on Thursday, February 13th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.97. The firm had revenue of $118.24 million during the quarter. Office Properties Income Trust had a negative return on equity of 10.86% and a negative net margin of 27.11%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OPI. MSD Partners L.P. purchased a new position in shares of Office Properties Income Trust during the 4th quarter valued at about $5,052,000. D. E. Shaw & Co. Inc. grew its holdings in Office Properties Income Trust by 198.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 3,965,620 shares of the company’s stock worth $3,965,000 after acquiring an additional 2,636,589 shares during the period. CastleKnight Management LP raised its position in Office Properties Income Trust by 48.6% during the fourth quarter. CastleKnight Management LP now owns 3,309,732 shares of the company’s stock valued at $3,309,000 after acquiring an additional 1,081,931 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in Office Properties Income Trust by 50.5% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,866,238 shares of the company’s stock valued at $1,866,000 after acquiring an additional 626,339 shares during the period. Finally, Foursixthree Capital LP purchased a new stake in Office Properties Income Trust in the 4th quarter worth approximately $1,578,000. 64.41% of the stock is currently owned by institutional investors and hedge funds.

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.