Macquarie Group Ltd. reduced its position in shares of Office Properties Income Trust (NASDAQ:OPI – Get Rating) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,259 shares of the company's stock after selling 1,051 shares during the period. Macquarie Group Ltd. owned approximately 0.11% of Office Properties Income Trust worth $777,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Tudor Investment Corp Et Al acquired a new position in shares of Office Properties Income Trust in the 3rd quarter valued at $642,000. Cubist Systematic Strategies LLC acquired a new stake in Office Properties Income Trust during the 3rd quarter worth about $520,000. Guggenheim Capital LLC boosted its position in Office Properties Income Trust by 5.3% during the 3rd quarter. Guggenheim Capital LLC now owns 48,172 shares of the company's stock worth $677,000 after acquiring an additional 2,418 shares during the period. HBK Sorce Advisory LLC acquired a new stake in Office Properties Income Trust during the 3rd quarter worth about $110,000. Finally, Penserra Capital Management LLC boosted its position in Office Properties Income Trust by 10.8% during the 3rd quarter. Penserra Capital Management LLC now owns 15,378 shares of the company's stock worth $216,000 after acquiring an additional 1,500 shares during the period. 75.77% of the stock is owned by institutional investors and hedge funds.
Get Office Properties Income Trust alerts:Office Properties Income Trust Stock Down 4.8 %
Shares of Office Properties Income Trust stock opened at $13.89 on Monday. The firm has a market cap of $674.50 million, a price-to-earnings ratio of -106.84 and a beta of 1.30. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.09 and a quick ratio of 1.09. Office Properties Income Trust has a 52-week low of $12.17 and a 52-week high of $26.22. The stock has a 50-day simple moving average of $16.36 and a 200-day simple moving average of $15.57.
Office Properties Income Trust Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, February 16th. Investors of record on Monday, January 23rd were issued a $0.55 dividend. The ex-dividend date was Friday, January 20th. This represents a $2.20 annualized dividend and a yield of 15.84%. Office Properties Income Trust's dividend payout ratio (DPR) is currently -1,692.18%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on OPI. Royal Bank of Canada lowered Office Properties Income Trust from a "sector perform" rating to an "underperform" rating and decreased their price objective for the stock from $16.00 to $14.00 in a research report on Tuesday, March 7th. Morgan Stanley reduced their price target on Office Properties Income Trust from $14.00 to $11.00 and set an "underweight" rating for the company in a report on Wednesday, November 23rd. Finally, B. Riley reduced their price target on Office Properties Income Trust from $29.00 to $27.00 and set a "buy" rating for the company in a report on Tuesday, February 21st. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $17.33.
About Office Properties Income Trust
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Office Properties Income Trust is a real estate investment trust. It owns, operates, and leases office buildings to single tenants and multi-tenant buildings. The company was founded on February 17, 2009 and is headquartered in Newton, MA.
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