Office Properties Income Trust (OPI) Raised to Buy at Zacks Investment Research

Share on StockTwits

Zacks Investment Research upgraded shares of Office Properties Income Trust (NASDAQ:OPI) from a hold rating to a buy rating in a research report released on Tuesday, Zacks.com reports. Zacks Investment Research currently has $30.00 price target on the stock.

According to Zacks, “Office Properties Income Trust is a real estate investment trust. It owns buildings primarily leased to single tenants as well as government entities. Office Properties Income Trust, formerly known as Government Properties Income Trust, is based in Newton, United States. “

Several other brokerages also recently weighed in on OPI. ValuEngine downgraded Office Properties Income Trust from a hold rating to a sell rating in a research note on Monday, February 4th. Royal Bank of Canada lowered their target price on Office Properties Income Trust to $27.00 and set an underperform rating for the company in a research note on Wednesday, March 13th. Finally, Jefferies Financial Group upgraded Office Properties Income Trust from an underperform rating to a hold rating and raised their target price for the company from $23.00 to $25.00 in a research note on Wednesday, May 8th. They noted that the move was a valuation call.

NASDAQ:OPI traded down $0.06 during mid-day trading on Tuesday, hitting $26.78. The company had a trading volume of 3,485 shares, compared to its average volume of 264,628. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.18 and a quick ratio of 1.18. Office Properties Income Trust has a 1 year low of $25.05 and a 1 year high of $68.84. The firm has a market capitalization of $1.29 billion, a PE ratio of 3.37, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65.

Office Properties Income Trust (NASDAQ:OPI) last announced its earnings results on Thursday, February 28th. The company reported ($1.58) earnings per share for the quarter, missing the consensus estimate of $1.29 by ($2.87). The business had revenue of $103.66 million for the quarter, compared to analyst estimates of $90.22 million. Office Properties Income Trust had a net margin of 1.13% and a return on equity of 0.95%. Equities analysts anticipate that Office Properties Income Trust will post 5.27 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, April 29th were paid a $0.55 dividend. The ex-dividend date was Friday, April 26th. This represents a $2.20 dividend on an annualized basis and a yield of 8.22%. Office Properties Income Trust’s dividend payout ratio (DPR) is 27.67%.

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in Office Properties Income Trust in the fourth quarter valued at about $39,000. Pensionfund DSM Netherlands purchased a new stake in Office Properties Income Trust in the first quarter valued at about $904,000. Pensionfund Sabic purchased a new stake in Office Properties Income Trust in the first quarter valued at about $351,000. Sound Income Strategies LLC purchased a new stake in Office Properties Income Trust in the first quarter valued at about $35,000. Finally, State of Alaska Department of Revenue purchased a new stake in Office Properties Income Trust in the first quarter valued at about $878,000.

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.

See Also: What does the Producer Price Index (PPI) tell investors?

Get a free copy of the Zacks research report on Office Properties Income Trust (OPI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Office Properties Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Office Properties Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Stockman Wealth Management Inc. Acquires Shares of 10,000 The Carlyle Group LP
Stockman Wealth Management Inc. Acquires Shares of 10,000 The Carlyle Group LP
Stewardship Financial Advisors LLC Has $662,000 Position in Vanguard Global ex-U.S. Real Estate ETF
Stewardship Financial Advisors LLC Has $662,000 Position in Vanguard Global ex-U.S. Real Estate ETF
Cisco Systems  PT Raised to $51.00 at Morgan Stanley
Cisco Systems PT Raised to $51.00 at Morgan Stanley
Office Properties Income Trust  Raised to Buy at Zacks Investment Research
Office Properties Income Trust Raised to Buy at Zacks Investment Research
Measured Wealth Private Client Group LLC Takes Position in Morgan Stanley
Measured Wealth Private Client Group LLC Takes Position in Morgan Stanley
Rambus  Now Covered by Analysts at Wells Fargo & Co
Rambus Now Covered by Analysts at Wells Fargo & Co


© 2006-2019 Ticker Report