Office Properties Income Trust (NASDAQ:OPI) Downgraded to “Sell” Rating by StockNews.com

Office Properties Income Trust (NASDAQ:OPI) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

Office Properties Income Trust Trading Down 5.5 %

Shares of OPI stock traded down $0.05 on Monday, hitting $0.91. The stock had a trading volume of 670,840 shares, compared to its average volume of 420,463. The company’s 50 day moving average price is $1.00 and its 200-day moving average price is $1.59. Office Properties Income Trust has a 1 year low of $0.86 and a 1 year high of $4.03. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.89 and a quick ratio of 1.89. The firm has a market capitalization of $50.80 million, a P/E ratio of -2.02 and a beta of 1.25.

Office Properties Income Trust (NASDAQ:OPI) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.97. Office Properties Income Trust had a negative return on equity of 1.92% and a negative net margin of 4.75%. The business had revenue of $118.24 million for the quarter.

Hedge Funds Weigh In On Office Properties Income Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP purchased a new position in Office Properties Income Trust in the third quarter valued at approximately $704,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of 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 buying an additional 167,031 shares during the last quarter. Littlejohn & Co. LLC purchased a new position in shares of Office Properties Income Trust in the 3rd quarter valued at $198,000. RBF Capital LLC raised its stake in Office Properties Income Trust by 16.3% during the 3rd quarter. RBF Capital LLC now owns 590,366 shares of the company’s stock worth $1,287,000 after acquiring an additional 82,872 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Office Properties Income Trust in the third quarter valued at $65,000. Institutional investors and hedge funds own 64.41% of the company’s stock.

Office Properties Income Trust Company Profile

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.