Office Properties Income Trust (OPI) To Go Ex-Dividend on October 23rd

Office Properties Income Trust (NASDAQ:OPI) declared a quarterly dividend on Thursday, October 15th, Zacks reports. Shareholders of record on Monday, October 26th will be paid a dividend of 0.55 per share on Thursday, November 19th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 10.48%. The ex-dividend date of this dividend is Friday, October 23rd.

Office Properties Income Trust has decreased its dividend by 68.0% over the last three years and has raised its dividend annually for the last 1 consecutive years.

Shares of NASDAQ OPI opened at $21.00 on Friday. Office Properties Income Trust has a 1-year low of $16.50 and a 1-year high of $35.95. The company has a market cap of $1.01 billion, a PE ratio of 13.73 and a beta of 1.18. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.31. The company has a 50-day moving average of $22.26 and a two-hundred day moving average of $24.75.

Office Properties Income Trust (NASDAQ:OPI) last announced its earnings results on Thursday, July 30th. The company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($1.29). Office Properties Income Trust had a return on equity of 4.35% and a net margin of 11.75%. The company had revenue of $145.60 million during the quarter, compared to the consensus estimate of $149.50 million. As a group, equities research analysts forecast that Office Properties Income Trust will post 5.32 earnings per share for the current year.

OPI has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Office Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 7th. Morgan Stanley dropped their price target on shares of Office Properties Income Trust from $24.00 to $23.00 and set an “underweight” rating for the company in a research note on Thursday, June 25th. Finally, Mizuho dropped their price target on shares of Office Properties Income Trust from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $30.20.

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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Dividend History for Office Properties Income Trust (NASDAQ:OPI)

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