Zacks Investment Research Downgrades Office Properties Income Trust (NASDAQ:OPI) to Sell

Zacks Investment Research lowered shares of Office Properties Income Trust (NASDAQ:OPI) from a hold rating to a sell rating in a report published on Tuesday, Zacks.com reports.

According to Zacks, “Office Properties Income Trust is a real estate investment trust. It owns buildings primarily leased to single tenants as well as government entities. Office Properties Income Trust, formerly known as Government Properties Income Trust, is based in Newton, United States. “

A number of other equities research analysts have also issued reports on the company. Royal Bank of Canada reiterated an outperform rating and issued a GBX 670 ($8.75) price target on shares of in a research note on Friday, June 28th. Morgan Stanley initiated coverage on in a research note on Monday, June 17th. They issued an equal weight rating and a GBX 215 ($2.81) price target for the company. Finally, Jefferies Financial Group set a €8.10 ($9.42) price target on Commerzbank and gave the stock a neutral rating in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company presently has an average rating of Hold and a consensus price target of $27.25.



Shares of OPI stock opened at $26.94 on Tuesday. Office Properties Income Trust has a 52-week low of $23.36 and a 52-week high of $68.84. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 3.70, a PEG ratio of 1.02 and a beta of 1.65. The business has a fifty day simple moving average of $25.47.

Office Properties Income Trust (NASDAQ:OPI) last issued its quarterly earnings results on Friday, May 3rd. The company reported $1.53 earnings per share (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 analyst estimates of $177.83 million. During the same quarter in the prior year, the business posted $2.18 EPS. Office Properties Income Trust’s revenue for the quarter was up 60.8% compared to the same quarter last year. Equities analysts anticipate that Office Properties Income Trust will post 5.27 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Office Properties Income Trust in the 1st quarter valued at about $255,000. Wilen Investment Management CORP. bought a new position in shares of Office Properties Income Trust in the 1st quarter valued at about $236,000. Piedmont Investment Advisors Inc. bought a new position in shares of Office Properties Income Trust in the 1st quarter valued at about $336,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Office Properties Income Trust in the 1st quarter valued at about $850,000. Finally, Garner Asset Management Corp bought a new position in shares of Office Properties Income Trust in the 1st quarter valued at about $3,015,000. 66.53% of the stock is owned by institutional investors and hedge funds.

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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