Public Employees Retirement System of Ohio Grows Stake in Office Properties Income Trust (NASDAQ:OPI)

Public Employees Retirement System of Ohio increased its holdings in shares of Office Properties Income Trust (NASDAQ:OPI) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,909 shares of the company’s stock after purchasing an additional 6,113 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.15% of Office Properties Income Trust worth $303,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC grew its holdings in Office Properties Income Trust by 1.7% during the 2nd quarter. LPL Financial LLC now owns 35,708 shares of the company’s stock valued at $712,000 after buying an additional 591 shares in the last quarter. Amundi grew its holdings in Office Properties Income Trust by 2.4% during the 4th quarter. Amundi now owns 31,534 shares of the company’s stock valued at $515,000 after buying an additional 740 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in Office Properties Income Trust by 2.1% during the 4th quarter. State of Tennessee Treasury Department now owns 35,373 shares of the company’s stock valued at $473,000 after buying an additional 743 shares in the last quarter. Arrow Investment Advisors LLC grew its holdings in Office Properties Income Trust by 15.1% during the 1st quarter. Arrow Investment Advisors LLC now owns 13,437 shares of the company’s stock valued at $165,000 after buying an additional 1,764 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Office Properties Income Trust by 104.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,442 shares of the company’s stock valued at $62,000 after buying an additional 2,266 shares in the last quarter. Hedge funds and other institutional investors own 64.41% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Office Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Monday, February 19th.

Office Properties Income Trust Price Performance

NASDAQ:OPI opened at $2.09 on Thursday. The firm has a market capitalization of $101.91 million, a price-to-earnings ratio of -1.45, a PEG ratio of 0.06 and a beta of 1.22. Office Properties Income Trust has a 1 year low of $1.91 and a 1 year high of $12.74. The business has a 50 day simple moving average of $3.01 and a 200-day simple moving average of $4.53. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.27 and a quick ratio of 1.27.

Office Properties Income Trust (NASDAQ:OPI) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($1.75). Office Properties Income Trust had a negative return on equity of 5.28% and a negative net margin of 13.01%. The business had revenue of $133.77 million for the quarter, compared to the consensus estimate of $133.03 million. Equities analysts forecast that Office Properties Income Trust will post 2.85 EPS for the current year.

Office Properties Income Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, January 22nd were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Friday, January 19th. Office Properties Income Trust’s dividend payout ratio (DPR) is presently -2.78%.

About Office Properties Income Trust

OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of December 31, 2023, approximately 64% of OPI's revenues were from investment grade rated tenants. OPI owned 152 properties as of December 31, 2023, with approximately 20.5 million square feet located in 30 states and Washington, DC In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year.