Office Properties Income Trust (NASDAQ:OPI) Releases Q3 2024 Earnings Guidance

Office Properties Income Trust (NASDAQ:OPI) updated its third quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 0.450-0.470 for the period, compared to the consensus estimate of 0.470. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of brokerages have commented on OPI. B. Riley cut their price target on shares of Office Properties Income Trust from $10.00 to $7.00 and set a buy rating for the company in a research note on Monday, May 6th. StockNews.com upgraded shares of Office Properties Income Trust from a sell rating to a hold rating in a research note on Thursday, May 2nd.

Office Properties Income Trust Price Performance

Shares of NASDAQ:OPI traded down $0.25 during trading on Friday, reaching $2.42. The stock had a trading volume of 530,196 shares, compared to its average volume of 642,280. Office Properties Income Trust has a 52 week low of $1.81 and a 52 week high of $8.10. The business’s 50-day moving average price is $2.29 and its 200 day moving average price is $2.51. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.35 and a quick ratio of 1.82. The stock has a market capitalization of $121.61 million, a PE ratio of -1.57 and a beta of 1.16.

Office Properties Income Trust (NASDAQ:OPI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.92). The company had revenue of $139.44 million during the quarter, compared to analyst estimates of $128.28 million. Office Properties Income Trust had a net margin of 2.69% and a return on equity of 1.11%. During the same period in the prior year, the business earned $1.09 EPS. As a group, equities analysts predict that Office Properties Income Trust will post 2.42 earnings per share for the current year.

Office Properties Income Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 22nd will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Monday, July 22nd. Office Properties Income Trust’s dividend payout ratio is currently -2.60%.

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.