Office Properties Income Trust (OPI) Set to Announce Quarterly Earnings on Wednesday

Office Properties Income Trust (NASDAQ:OPI) is scheduled to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect Office Properties Income Trust to post earnings of $0.50 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Office Properties Income Trust (NASDAQ:OPI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.93. Office Properties Income Trust had a net margin of 2.69% and a return on equity of 1.11%. The firm had revenue of $123.69 million during the quarter, compared to the consensus estimate of $123.45 million. On average, analysts expect Office Properties Income Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Office Properties Income Trust Stock Performance

Shares of NASDAQ:OPI opened at $1.87 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.74. Office Properties Income Trust has a 12-month low of $1.81 and a 12-month high of $7.53. The company’s 50 day moving average price is $2.13 and its two-hundred day moving average price is $2.21. The firm has a market cap of $94.03 million, a PE ratio of -1.21 and a beta of 1.15.

Office Properties Income Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.14%. Office Properties Income Trust’s payout ratio is -2.60%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Office Properties Income Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th.

Office Properties Income Trust Company Profile

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.