SG Americas Securities LLC Grows Stake in Office Properties Income Trust (NASDAQ:OPI)

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SG Americas Securities LLC lifted its position in Office Properties Income Trust (NASDAQ:OPI) by 153.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,227 shares of the company’s stock after buying an additional 20,703 shares during the period. SG Americas Securities LLC owned approximately 0.07% of Office Properties Income Trust worth $889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in OPI. C M Bidwell & Associates Ltd. bought a new position in Office Properties Income Trust in the 1st quarter worth $27,000. Verus Capital Partners LLC bought a new position in Office Properties Income Trust in the 4th quarter worth $40,000. KBC Group NV bought a new position in Office Properties Income Trust in the 1st quarter worth $35,000. Skandinaviska Enskilda Banken AB publ bought a new position in Office Properties Income Trust in the 1st quarter worth $35,000. Finally, Marshall Wace LLP bought a new position in Office Properties Income Trust in the 4th quarter worth $67,000. Hedge funds and other institutional investors own 75.69% of the company’s stock.

A number of research firms have commented on OPI. Royal Bank of Canada raised their price target on Office Properties Income Trust from $27.00 to $29.00 and gave the company a “sector perform” rating in a report on Wednesday, June 10th. Morgan Stanley decreased their price target on Office Properties Income Trust from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Thursday, June 25th. ValuEngine cut Office Properties Income Trust from a “sell” rating to a “strong sell” rating in a report on Monday, April 27th. Zacks Investment Research cut Office Properties Income Trust from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Mizuho decreased their price target on Office Properties Income Trust from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $30.20.

Shares of Office Properties Income Trust stock opened at $25.15 on Friday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 16.44 and a beta of 1.26. The business has a 50-day moving average price of $25.76 and a 200-day moving average price of $27.78. The company has a quick ratio of 1.55, a current ratio of 1.42 and a debt-to-equity ratio of 1.31. Office Properties Income Trust has a twelve month low of $16.50 and a twelve month high of $35.95.

Office Properties Income Trust (NASDAQ:OPI) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($1.29). The firm had revenue of $145.60 million for the quarter, compared to analysts’ expectations of $149.50 million. Office Properties Income Trust had a net margin of 11.75% and a return on equity of 4.35%. On average, equities analysts expect that Office Properties Income Trust will post 5.32 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Monday, July 27th will be given a $0.55 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $2.20 annualized dividend and a yield of 8.75%. Office Properties Income Trust’s dividend payout ratio is currently 36.61%.

Office Properties Income Trust Company 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.

See Also: Buy Rating

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

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