Office Properties Income Trust (OPI) to Issue Quarterly Dividend of $0.55 on November 19th

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 given a dividend of 0.55 per share on Thursday, November 19th. This represents a $2.20 annualized dividend and a yield of 10.48%. The ex-dividend date is Friday, October 23rd.

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

Office Properties Income Trust stock opened at $21.00 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.42 and a current ratio of 1.42. Office Properties Income Trust has a 52-week low of $16.50 and a 52-week high of $35.95. The firm has a 50 day moving average price of $22.26 and a two-hundred day moving average price of $24.75. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 13.73 and a beta of 1.18.

Office Properties Income Trust (NASDAQ:OPI) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $145.60 million for the quarter, compared to the consensus estimate of $149.50 million. As a group, equities research analysts predict that Office Properties Income Trust will post 5.32 EPS for the current fiscal year.

OPI has been the subject of several analyst reports. Morgan Stanley lowered 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 report on Thursday, June 25th. Zacks Investment Research lowered shares of Office Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 7th. Finally, Mizuho lowered their price objective 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 given a hold rating and one has assigned a buy rating to the stock. Office Properties Income Trust has an average rating of “Hold” and a consensus target price of $30.20.

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

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