Littlejohn & Co. LLC Buys New Stake in Office Properties Income Trust (NASDAQ:OPI)

Littlejohn & Co. LLC purchased a new position in Office Properties Income Trust (NASDAQ:OPI) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 90,897 shares of the company’s stock, valued at approximately $198,000. Office Properties Income Trust accounts for about 0.1% of Littlejohn & Co. LLC’s holdings, making the stock its 11th largest position.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Office Properties Income Trust by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 4,920,629 shares of the company’s stock worth $10,038,000 after purchasing an additional 45,874 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in shares of Office Properties Income Trust by 32.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 44,686 shares of the company’s stock worth $91,000 after purchasing an additional 10,900 shares during the period. Point72 DIFC Ltd bought a new position in Office Properties Income Trust during the 2nd quarter valued at about $34,000. Optas LLC purchased a new stake in Office Properties Income Trust in the 2nd quarter worth about $34,000. Finally, Squarepoint Ops LLC bought a new stake in Office Properties Income Trust in the second quarter worth about $179,000. Hedge funds and other institutional investors own 64.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Office Properties Income Trust Stock Performance

OPI stock opened at $1.14 on Monday. Office Properties Income Trust has a twelve month low of $1.06 and a twelve month high of $7.53. The business’s fifty day simple moving average is $1.80 and its two-hundred day simple moving average is $2.10. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 1.82.

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

Office Properties Income Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Monday, October 28th. Office Properties Income Trust’s dividend payout ratio is presently -8.89%.

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.