Neuburgh Advisers LLC Buys 2,016 Shares of Office Properties Income Trust (NASDAQ:OPI)

Neuburgh Advisers LLC lifted its stake in Office Properties Income Trust (NASDAQ:OPI) by 71.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,832 shares of the company’s stock after buying an additional 2,016 shares during the quarter. Neuburgh Advisers LLC’s holdings in Office Properties Income Trust were worth $127,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of OPI. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Office Properties Income Trust during the first quarter worth about $255,000. Wilen Investment Management CORP. purchased a new position in Office Properties Income Trust during the 1st quarter valued at approximately $236,000. Piedmont Investment Advisors Inc. purchased a new position in Office Properties Income Trust during the 1st quarter valued at approximately $336,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Office Properties Income Trust during the 1st quarter valued at approximately $850,000. Finally, Belpointe Asset Management LLC purchased a new position in Office Properties Income Trust during the 1st quarter valued at approximately $135,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on OPI shares. Royal Bank of Canada upgraded 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. ValuEngine upgraded Office Properties Income Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Zacks Investment Research cut 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 Office Properties Income Trust and gave the company a “hold” rating in a report on Monday, June 17th. Five research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus price target of $27.50.

NASDAQ OPI traded down $0.74 during trading on Friday, hitting $29.94. 22,801 shares of the stock traded hands, compared to its average volume of 200,720. The company has a market capitalization of $1.44 billion, a P/E ratio of 3.75 and a beta of 1.65. The firm has a 50-day simple moving average of $27.45 and a 200-day simple moving average of $27.03. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. Office Properties Income Trust has a 12-month low of $23.36 and a 12-month high of $68.34.

Office Properties Income Trust (NASDAQ:OPI) last released its quarterly earnings results on Friday, August 2nd. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.32. The business had revenue of $176.03 million during the quarter, compared to analysts’ expectations of $156.50 million. Office Properties Income Trust had a negative return on equity of 4.92% and a negative net margin of 15.86%. As a group, research analysts predict that Office Properties Income Trust will post 5.88 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 29th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 7.35%. The ex-dividend date was Friday, July 26th. Office Properties Income Trust’s dividend payout ratio (DPR) is 27.67%.

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

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