Nisa Investment Advisors LLC Increases Stock Holdings in Office Properties Income Trust (NASDAQ:OPI)

Nisa Investment Advisors LLC lifted its stake in shares of Office Properties Income Trust (NASDAQ:OPI) by 299.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 81,790 shares of the company’s stock after buying an additional 61,290 shares during the quarter. Nisa Investment Advisors LLC owned 0.17% of Office Properties Income Trust worth $599,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of OPI. Qube Research & Technologies Ltd purchased a new stake in shares of Office Properties Income Trust during the 3rd quarter valued at about $27,000. EMC Capital Management raised its holdings in shares of Office Properties Income Trust by 100.2% during the 3rd quarter. EMC Capital Management now owns 7,513 shares of the company’s stock valued at $31,000 after buying an additional 3,761 shares during the period. Allworth Financial LP raised its holdings in shares of Office Properties Income Trust by 3,098.6% during the 4th quarter. Allworth Financial LP now owns 4,670 shares of the company’s stock valued at $34,000 after buying an additional 4,524 shares during the period. Dark Forest Capital Management LP purchased a new stake in shares of Office Properties Income Trust during the 3rd quarter valued at about $41,000. Finally, Bessemer Group Inc. purchased a new stake in shares of Office Properties Income Trust during the 4th quarter valued at about $43,000. 64.41% of the stock is currently owned by hedge funds and other institutional investors.

Office Properties Income Trust Price Performance

Shares of NASDAQ OPI opened at $1.91 on Wednesday. Office Properties Income Trust has a fifty-two week low of $1.81 and a fifty-two week high of $8.80. The business has a 50 day moving average price of $2.54 and a two-hundred day moving average price of $4.20. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.05. The firm has a market cap of $93.13 million, a PE ratio of -1.33, a price-to-earnings-growth ratio of 0.06 and a beta of 1.20.

Office Properties Income Trust (NASDAQ:OPI) last announced its earnings results on Thursday, February 15th. The company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of $0.98 by ($1.75). The business had revenue of $133.77 million for the quarter, compared to the consensus estimate of $133.03 million. Office Properties Income Trust had a negative net margin of 13.01% and a negative return on equity of 5.28%. Sell-side analysts expect that Office Properties Income Trust will post 2.85 earnings per share for the current fiscal year.

Office Properties Income Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Friday, April 19th. Office Properties Income Trust’s payout ratio is -2.78%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on OPI shares. StockNews.com lowered Office Properties Income Trust from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Morgan Stanley lowered their price objective on Office Properties Income Trust from $1.80 to $1.60 and set an “underweight” rating for the company in a research note on Thursday, March 28th.

Office Properties Income Trust 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.