Office Properties Income Trust (NASDAQ:OPI) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its holdings in Office Properties Income Trust (NASDAQ:OPI) by 81.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 14,782 shares of the company’s stock after selling 65,574 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Office Properties Income Trust were worth $32,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in shares of Office Properties Income Trust in the second quarter worth $55,000. Vanguard Personalized Indexing Management LLC lifted its holdings in Office Properties Income Trust by 40.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,758 shares of the company’s stock worth $34,000 after purchasing an additional 4,798 shares during the period. Marshall Wace LLP acquired a new stake in Office Properties Income Trust in the second quarter worth about $161,000. Point72 DIFC Ltd bought a new position in Office Properties Income Trust in the 2nd quarter valued at about $34,000. Finally, Squarepoint Ops LLC acquired a new position in Office Properties Income Trust during the 2nd quarter valued at about $179,000. 64.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Office Properties Income Trust Stock Performance

Shares of OPI opened at $1.02 on Monday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.89 and a quick ratio of 1.89. The firm’s 50 day moving average is $1.52 and its 200-day moving average is $1.98. Office Properties Income Trust has a 12-month low of $1.02 and a 12-month high of $7.53. The stock has a market capitalization of $56.90 million, a P/E ratio of -2.27 and a beta of 1.17.

Office Properties Income Trust (NASDAQ:OPI) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($1.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($1.61). Office Properties Income Trust had a negative return on equity of 1.92% and a negative net margin of 4.75%. The business had revenue of $120.62 million during the quarter, compared to analyst estimates of $119.93 million. Equities research analysts anticipate that Office Properties Income Trust will post 2.26 EPS for the current fiscal year.

Office Properties Income Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date was Monday, October 28th. Office Properties Income Trust’s dividend payout ratio (DPR) is presently -8.89%.

About Office Properties Income Trust

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.