Quadrature Capital Ltd Purchases Shares of 29,991 Office Properties Income Trust (NASDAQ:OPI)

Quadrature Capital Ltd acquired a new stake in shares of Office Properties Income Trust (NASDAQ:OPI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,991 shares of the company’s stock, valued at approximately $65,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of OPI. GSA Capital Partners LLP bought a new stake in Office Properties Income Trust during the third quarter worth $704,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Office Properties Income Trust by 42.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 557,107 shares of the company’s stock valued at $1,214,000 after purchasing an additional 167,031 shares during the period. Littlejohn & Co. LLC purchased a new position in shares of Office Properties Income Trust during the 3rd quarter valued at $198,000. Squarepoint Ops LLC purchased a new position in shares of Office Properties Income Trust during the 2nd quarter valued at $179,000. Finally, RBF Capital LLC lifted its position in shares of Office Properties Income Trust by 16.3% during the 3rd quarter. RBF Capital LLC now owns 590,366 shares of the company’s stock valued at $1,287,000 after buying an additional 82,872 shares during the last quarter. Institutional investors own 64.41% of the company’s stock.

Office Properties Income Trust Price Performance

Shares of Office Properties Income Trust stock opened at $1.34 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $74.75 million, a PE ratio of -2.98 and a beta of 1.17. The business’s 50-day moving average price is $1.62 and its 200-day moving average price is $2.03. Office Properties Income Trust has a 12 month low of $1.06 and a 12 month high of $7.53.

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

Office Properties Income Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.04 annualized dividend and a yield of 2.99%. Office Properties Income Trust’s payout ratio is -8.89%.

Analyst Ratings Changes

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

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.