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

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

Office Properties Income Trust Stock Performance

Shares of NASDAQ:OPI traded down $0.25 during trading on Friday, hitting $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 12-month low of $1.81 and a 12-month high of $8.10. The stock has a market capitalization of $121.61 million, a price-to-earnings ratio of -1.57 and a beta of 1.16. The company has a quick ratio of 1.82, a current ratio of 1.35 and a debt-to-equity ratio of 1.74. The stock has a 50-day simple moving average of $2.29 and a two-hundred day simple moving average of $2.51.

Office Properties Income Trust (NASDAQ:OPI) last announced its quarterly earnings data 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 firm had revenue of $139.44 million during the quarter, compared to analysts’ expectations of $128.28 million. Office Properties Income Trust had a return on equity of 1.11% and a net margin of 2.69%. During the same quarter in the previous year, the business earned $1.09 earnings per share. On average, equities research analysts expect that Office Properties Income Trust will post 2.42 earnings per share for the current fiscal 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 given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a 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%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. B. Riley reduced their price target on Office Properties Income Trust from $10.00 to $7.00 and set a buy rating for the company in a research report on Monday, May 6th. StockNews.com upgraded Office Properties Income Trust from a sell rating to a hold rating in a research report on Thursday, May 2nd.

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.