MetLife Investment Advisors LLC Invests $575,000 in Office Properties Income Trust (NASDAQ:OPI)

MetLife Investment Advisors LLC bought a new stake in shares of Office Properties Income Trust (NASDAQ:OPI) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,820 shares of the company’s stock, valued at approximately $575,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Capital Investment Advisory Services LLC bought a new stake in shares of Office Properties Income Trust in the first quarter valued at about $27,000. Versant Capital Management Inc bought a new position in Office Properties Income Trust in the first quarter worth about $29,000. Sound Income Strategies LLC bought a new position in Office Properties Income Trust in the first quarter worth about $35,000. Rehmann Capital Advisory Group purchased a new stake in shares of Office Properties Income Trust during the first quarter worth about $36,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Office Properties Income Trust during the fourth quarter worth about $39,000. 66.52% of the stock is owned by hedge funds and other institutional investors.

Shares of OPI traded up $0.05 during midday trading on Thursday, reaching $26.49. The company had a trading volume of 190,300 shares, compared to its average volume of 381,445. The company has a market capitalization of $1.26 billion, a PE ratio of 3.33, a PEG ratio of 1.02 and a beta of 1.65. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.18 and a current ratio of 1.18. Office Properties Income Trust has a 1-year low of $23.36 and a 1-year high of $68.84. The business has a 50 day simple moving average of $25.74.

Office Properties Income Trust (NASDAQ:OPI) last released its quarterly earnings results on Friday, May 3rd. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.16. Office Properties Income Trust had a return on equity of 0.95% and a net margin of 1.13%. The business had revenue of $174.80 million during the quarter, compared to analysts’ expectations of $177.83 million. During the same period in the prior year, the business posted $2.18 EPS. The company’s revenue was up 60.8% compared to the same quarter last year. On average, sell-side analysts predict that Office Properties Income Trust will post 5.27 EPS for the current year.

Several equities research analysts have commented on OPI shares. Zacks Investment Research lowered H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday. Jefferies Financial Group set a €8.10 ($9.42) price objective on Commerzbank and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Morgan Stanley started coverage on in a research report on Monday, June 17th. They issued an “equal weight” rating and a GBX 215 ($2.81) price objective on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and issued a GBX 670 ($8.75) price objective on shares of in a research report on Friday, June 28th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $27.25.

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.

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

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