Office Properties Income Trust (NASDAQ:OPI) Shares Purchased by Public Employees Retirement System of Ohio

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Public Employees Retirement System of Ohio boosted its stake in Office Properties Income Trust (NASDAQ:OPI) by 2,143.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,923 shares of the company’s stock after acquiring an additional 50,564 shares during the period. Public Employees Retirement System of Ohio owned 0.11% of Office Properties Income Trust worth $1,390,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Rehmann Capital Advisory Group bought a new stake in Office Properties Income Trust during the first quarter valued at $36,000. Braun Bostich & Associates Inc. bought a new stake in Office Properties Income Trust during the first quarter valued at $49,000. Russell Investments Group Ltd. bought a new stake in Office Properties Income Trust during the second quarter valued at $49,000. Joseph P. Lucia & Associates LLC bought a new stake in Office Properties Income Trust during the second quarter valued at $55,000. Finally, FMR LLC bought a new stake in Office Properties Income Trust during the first quarter valued at $95,000. 70.23% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on OPI shares. Morgan Stanley set a $27.00 target price on shares of Office Properties Income Trust and gave the company a “hold” rating in a research note on Monday, June 17th. ValuEngine upgraded shares of Office Properties Income Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Royal Bank of Canada upgraded shares of Office Properties Income Trust from an “underperform” rating to a “sector perform” rating and set a $27.00 price target for the company in a research report on Friday, June 28th. Finally, Zacks Investment Research lowered shares of Office Properties Income Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Five analysts have rated the stock with a hold rating, Office Properties Income Trust currently has an average rating of “Hold” and an average price target of $27.50.

Shares of Office Properties Income Trust stock traded down $0.05 during trading on Thursday, hitting $29.82. 8,020 shares of the stock were exchanged, compared to its average volume of 233,707. The stock’s fifty day moving average is $27.77 and its 200 day moving average is $27.02. The stock has a market cap of $1.47 billion, a PE ratio of 3.75 and a beta of 1.65. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.86 and a current ratio of 0.86. Office Properties Income Trust has a 12 month low of $23.36 and a 12 month high of $47.76.

Office Properties Income Trust (NASDAQ:OPI) last released its quarterly earnings results on Friday, August 2nd. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.33 by $0.32. The business had revenue of $176.03 million during the quarter, compared to analyst estimates of $156.50 million. Office Properties Income Trust had a negative net margin of 15.86% and a negative return on equity of 4.92%. Sell-side analysts anticipate that Office Properties Income Trust will post 5.88 EPS for the current fiscal year.

Office Properties Income Trust Company Profile

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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Institutional Ownership by Quarter for Office Properties Income Trust (NASDAQ:OPI)

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