FY2019 EPS Estimates for Office Properties Income Trust (OPI) Boosted by B. Riley

FY2019 EPS Estimates for Office Properties Income Trust (OPI) Boosted by B. Riley

Office Properties Income Trust (NASDAQ:OPI) – Analysts at B. Riley raised their FY2019 earnings estimates for Office Properties Income Trust in a report released on Monday, May 6th. B. Riley analyst B. Maher now anticipates that the company will earn $5.24 per share for the year, up from their prior forecast of $5.11. B. Riley also issued estimates for Office Properties Income Trust’s Q4 2019 earnings at $1.28 EPS, Q2 2020 earnings at $1.28 EPS, Q3 2020 earnings at $1.29 EPS, Q4 2020 earnings at $1.30 EPS, FY2020 earnings at $5.14 EPS and FY2021 earnings at $5.29 EPS.

OPI has been the subject of a number of other research reports. ValuEngine cut shares of Office Properties Income Trust from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Zacks Investment Research raised shares of Office Properties Income Trust from a “strong sell” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Thursday, March 7th. Royal Bank of Canada decreased their price objective on shares of Office Properties Income Trust to $27.00 and set an “underperform” rating on the stock in a report on Wednesday, March 13th. Finally, Jefferies Financial Group raised shares of Office Properties Income Trust from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $23.00 to $25.00 in a report on Wednesday. They noted that the move was a valuation call.

Shares of Office Properties Income Trust stock opened at $26.81 on Wednesday. The stock has a market cap of $1.31 billion, a P/E ratio of 3.37, a PEG ratio of 1.13 and a beta of 1.65. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.84. Office Properties Income Trust has a 12-month low of $25.05 and a 12-month high of $68.84.

Office Properties Income Trust (NASDAQ:OPI) last announced its earnings results on Thursday, February 28th. The company reported ($1.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($2.87). The firm had revenue of $103.66 million for the quarter, compared to analyst estimates of $90.22 million. Office Properties Income Trust had a return on equity of 1.01% and a net margin of 1.13%.

A number of large investors have recently modified their holdings of the business. Capital Investment Advisory Services LLC bought a new stake in Office Properties Income Trust during the 1st quarter worth about $27,000. Versant Capital Management Inc bought a new stake in Office Properties Income Trust during the 1st quarter worth about $29,000. Sound Income Strategies LLC bought a new position in shares of Office Properties Income Trust in the 1st quarter valued at about $35,000. LS Investment Advisors LLC bought a new position in shares of Office Properties Income Trust in the 1st quarter valued at about $39,000. Finally, Truvestments Capital LLC bought a new position in shares of Office Properties Income Trust in the 1st quarter valued at about $44,000.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 29th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 8.21%. The ex-dividend date is Friday, April 26th. Office Properties Income Trust’s dividend payout ratio is currently 27.67%.

About Office Properties Income Trust

Office Properties Income Trust is a real estate investment trust, or REIT, which owns buildings primarily leased to single tenants and those with high credit quality characteristics like government entities. In December 2018, our predecessor company Government Properties Income Trust, or GOV, merged with Select Income REIT, or SIR, and the combined company was renamed Office Properties Income Trust, or OPI.

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