Vanguard Group Inc. Has $195.66 Million Stake in Office Properties Income Trust (NASDAQ:OPI)

Vanguard Group Inc. raised its position in shares of Office Properties Income Trust (NASDAQ:OPI) by 5.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,447,902 shares of the company’s stock after buying an additional 367,527 shares during the period. Vanguard Group Inc. owned about 15.48% of Office Properties Income Trust worth $195,656,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Riverhead Capital Management LLC increased its holdings in shares of Office Properties Income Trust by 70.5% during the second quarter. Riverhead Capital Management LLC now owns 7,500 shares of the company’s stock worth $197,000 after buying an additional 3,100 shares in the last quarter. Wilen Investment Management CORP. acquired a new stake in shares of Office Properties Income Trust during the first quarter worth approximately $236,000. JPMorgan Chase & Co. increased its holdings in shares of Office Properties Income Trust by 68.5% during the second quarter. JPMorgan Chase & Co. now owns 99,275 shares of the company’s stock worth $2,497,000 after buying an additional 40,365 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Office Properties Income Trust during the first quarter worth approximately $135,000. Finally, Swiss National Bank increased its holdings in shares of Office Properties Income Trust by 2.1% during the second quarter. Swiss National Bank now owns 89,433 shares of the company’s stock worth $2,349,000 after buying an additional 1,800 shares in the last quarter. 70.23% of the stock is owned by institutional investors.

Shares of Office Properties Income Trust stock opened at $30.13 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $1.43 billion, a P/E ratio of 3.79 and a beta of 1.66. The firm has a 50 day simple moving average of $28.66 and a 200 day simple moving average of $27.20. Office Properties Income Trust has a fifty-two week low of $23.36 and a fifty-two week high of $42.76.

Office Properties Income Trust (NASDAQ:OPI) last issued its quarterly earnings results on Friday, August 2nd. The company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.32. The business had revenue of $176.03 million during the quarter, compared to analyst estimates of $156.50 million. Office Properties Income Trust had a negative net margin of 15.86% and a negative return on equity of 4.92%. On average, sell-side analysts expect that Office Properties Income Trust will post 5.88 EPS for the current year.

OPI has been the subject of a number of research reports. ValuEngine raised shares of Office Properties Income Trust from a “hold” rating to a “buy” rating in a report on Wednesday. Royal Bank of Canada raised shares of Office Properties Income Trust from an “underperform” rating to a “sector perform” rating and set a $27.00 price target for the company in a report on Friday, June 28th. Zacks Investment Research lowered shares of Office Properties Income Trust from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Morgan Stanley set a $27.00 price target on shares of Office Properties Income Trust and gave the company a “hold” rating in a report on Monday, June 17th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Office Properties Income Trust currently has a consensus rating of “Hold” and an average target price of $27.50.

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

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