Office Properties Income Trust (OPI) PT Lowered to $27.00 at Royal Bank of Canada

Office Properties Income Trust (NASDAQ:OPI) had its target price decreased by equities researchers at Royal Bank of Canada to $27.00 in a research note issued to investors on Wednesday, The Fly reports. The firm currently has an “underperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential downside of 6.35% from the company’s current price.

A number of other analysts have also recently weighed in on OPI. ValuEngine cut shares of Office Properties Income Trust from a “sell” rating to a “strong sell” rating in a research report on Friday, March 1st. Zacks Investment Research raised shares of Office Properties Income Trust from a “strong sell” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Thursday, March 7th.

Shares of Office Properties Income Trust stock opened at $28.83 on Wednesday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.06 and a quick ratio of 1.06. Office Properties Income Trust has a twelve month low of $25.05 and a twelve month high of $68.84. The firm has a market cap of $1.37 billion, a P/E ratio of 3.31, a price-to-earnings-growth ratio of 1.15 and a beta of 1.69.



A hedge fund recently bought a new stake in Office Properties Income Trust stock. Public Employees Retirement System of Ohio acquired a new stake in Office Properties Income Trust (NASDAQ:OPI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,658 shares of the company’s stock, valued at approximately $39,000.

About Office Properties Income Trust

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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