Mutual of America Capital Management LLC Has $201,000 Stake in Office Properties Income Trust (NASDAQ:OPI)

Mutual of America Capital Management LLC lifted its position in shares of Office Properties Income Trust (NASDAQ:OPI) by 6.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,869 shares of the company’s stock after acquiring an additional 416 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Office Properties Income Trust were worth $201,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schroder Investment Management Group acquired a new stake in shares of Office Properties Income Trust during the 1st quarter valued at $66,000. FMR LLC bought a new position in Office Properties Income Trust during the 1st quarter worth $95,000. Harvest Fund Management Co. Ltd bought a new position in Office Properties Income Trust during the 1st quarter worth $110,000. CSS LLC IL bought a new position in Office Properties Income Trust during the 1st quarter worth $211,000. Finally, Victory Capital Management Inc. bought a new position in Office Properties Income Trust during the 1st quarter worth $216,000. 75.82% of the stock is currently owned by institutional investors.

Several research analysts recently issued reports on OPI shares. Zacks Investment Research lowered Office Properties Income Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, June 29th. B. Riley raised their target price on Office Properties Income Trust from $38.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, June 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $30.25.

OPI stock opened at $25.22 on Friday. The stock has a 50-day moving average price of $27.47 and a 200-day moving average price of $28.13. Office Properties Income Trust has a 1-year low of $17.62 and a 1-year high of $31.69. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.65. The firm has a market cap of $1.22 billion, a PE ratio of -35.96 and a beta of 1.30.

Office Properties Income Trust (NASDAQ:OPI) last posted its quarterly earnings data on Thursday, July 29th. The company reported ($1.38) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($2.51). Office Properties Income Trust had a negative return on equity of 2.15% and a negative net margin of 5.97%. The business had revenue of $137.10 million during the quarter, compared to the consensus estimate of $136.54 million. On average, analysts forecast that Office Properties Income Trust will post 4.43 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 19th. Stockholders of record on Monday, July 26th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 8.72%. The ex-dividend date was Friday, July 23rd. Office Properties Income Trust’s dividend payout ratio (DPR) is presently 40.82%.

Office Properties Income Trust Company Profile

Office Properties Income Trust owns, operates and leases office buildings to single tenants and multi-tenant buildings. The company was founded on February 17, 2009 and is headquartered in Newton, MA.

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

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