APG Asset Management N.V. bought a new position in Office Properties Income Trust (NASDAQ:OPI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 73,900 shares of the company’s stock, valued at approximately $2,014,000. APG Asset Management N.V. owned about 0.15% of Office Properties Income Trust as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Office Properties Income Trust in the 4th quarter valued at approximately $20,408,000. State Street Corp boosted its position in Office Properties Income Trust by 12.3% during the 1st quarter. State Street Corp now owns 2,779,856 shares of the company’s stock worth $75,751,000 after acquiring an additional 304,369 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in Office Properties Income Trust by 244.7% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 346,586 shares of the company’s stock worth $9,444,000 after acquiring an additional 246,053 shares during the period. AJO LP increased its holdings in shares of Office Properties Income Trust by 412.7% in the 1st quarter. AJO LP now owns 244,136 shares of the company’s stock valued at $6,652,000 after purchasing an additional 196,516 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Office Properties Income Trust by 1,272.2% in the fourth quarter. Renaissance Technologies LLC now owns 207,955 shares of the company’s stock worth $6,684,000 after purchasing an additional 192,800 shares in the last quarter. 75.82% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on the company. TheStreet lowered Office Properties Income Trust from a “c” rating to a “d+” rating in a report on Friday, May 1st. JMP Securities started coverage on Office Properties Income Trust in a research note on Monday, June 8th. They set a “market perform” rating for the company. ValuEngine lowered Office Properties Income Trust from a “sell” rating to a “strong sell” rating in a report on Monday, April 27th. Zacks Investment Research downgraded Office Properties Income Trust from a “buy” rating to a “hold” rating in a report on Tuesday, June 9th. Finally, Mizuho reduced their target price on shares of Office Properties Income Trust from $34.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, April 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Office Properties Income Trust currently has an average rating of “Hold” and a consensus target price of $30.00.
Office Properties Income Trust (NASDAQ:OPI) last posted its earnings results on Friday, May 1st. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($1.09). The firm had revenue of $149.89 million during the quarter, compared to analyst estimates of $154.03 million. Office Properties Income Trust had a net margin of 1.10% and a return on equity of 0.42%. As a group, analysts anticipate that Office Properties Income Trust will post 5.32 earnings per share for the current fiscal year.
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.
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