Zurcher Kantonalbank Zurich Cantonalbank Buys New Stake in Office Properties Income Trust (OPI)

Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Office Properties Income Trust (NASDAQ:OPI) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,131 shares of the company’s stock, valued at approximately $335,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Investment Advisory Services LLC purchased a new position in Office Properties Income Trust during the first quarter valued at approximately $27,000. Versant Capital Management Inc purchased a new position in Office Properties Income Trust during the first quarter valued at approximately $29,000. Sound Income Strategies LLC purchased a new position in Office Properties Income Trust during the first quarter valued at approximately $35,000. LS Investment Advisors LLC purchased a new position in Office Properties Income Trust during the first quarter valued at approximately $39,000. Finally, Truvestments Capital LLC purchased a new position in Office Properties Income Trust during the first quarter valued at approximately $44,000.

OPI stock opened at $26.91 on Wednesday. Office Properties Income Trust has a one year low of $25.05 and a one year high of $68.84. The company has a current ratio of 1.18, a quick ratio of 1.06 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $1.29 billion, a PE ratio of 3.38, a P/E/G ratio of 1.03 and a beta of 1.65.



Office Properties Income Trust (NASDAQ:OPI) last released its earnings results on Thursday, February 28th. The company reported ($1.58) EPS for the quarter, missing the consensus estimate of $1.29 by ($2.87). Office Properties Income Trust had a return on equity of 0.95% and a net margin of 1.13%. The company had revenue of $103.66 million during the quarter, compared to analysts’ expectations of $90.22 million. On average, equities research analysts predict that Office Properties Income Trust will post 5.21 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 29th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 8.18%. The ex-dividend date of this dividend is Friday, April 26th. Office Properties Income Trust’s dividend payout ratio (DPR) is presently 27.67%.

Several equities analysts have weighed in on OPI shares. ValuEngine downgraded shares of Office Properties Income Trust from a “hold” rating to a “sell” rating in a report on Monday, February 4th. 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 target on the stock in a report on Thursday, March 7th. Royal Bank of Canada lowered their price target on shares of Office Properties Income Trust to $27.00 and set an “underperform” rating on the stock in a report on Wednesday, March 13th. Finally, Jefferies Financial Group raised shares of Office Properties Income Trust from an “underperform” rating to a “hold” rating and lifted their price target for the company from $23.00 to $25.00 in a report on Wednesday, May 8th. They noted that the move was a valuation call.

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Office Properties Income Trust 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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Institutional Ownership by Quarter for Office Properties Income Trust (NASDAQ:OPI)

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