Office Properties Income Trust (OPI) Set to Announce Quarterly Earnings on Wednesday

Office Properties Income Trust (NASDAQ:OPI) is scheduled to release its earnings data after the market closes on Wednesday, July 31st. Analysts expect Office Properties Income Trust to post earnings of $0.64 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Office Properties Income Trust (NASDAQ:OPI) last announced its quarterly earnings results on Wednesday, May 1st. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.92). The business had revenue of $139.44 million during the quarter, compared to the consensus estimate of $128.28 million. Office Properties Income Trust had a negative net margin of 13.72% and a negative return on equity of 5.76%. During the same period last year, the firm earned $1.09 EPS. On average, analysts expect Office Properties Income Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Office Properties Income Trust Price Performance

NASDAQ:OPI opened at $2.66 on Tuesday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.82 and a current ratio of 1.82. The company has a 50-day moving average of $2.26 and a 200-day moving average of $2.54. Office Properties Income Trust has a 52 week low of $1.81 and a 52 week high of $8.10. The company has a market capitalization of $133.74 million, a price-to-earnings ratio of -1.75 and a beta of 1.16.

Office Properties Income Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 22nd will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Monday, July 22nd. Office Properties Income Trust’s dividend payout ratio (DPR) is presently -2.60%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OPI. StockNews.com upgraded Office Properties Income Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. B. Riley decreased their price target on Office Properties Income Trust from $10.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, May 6th.

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.