In last trading session, Office Properties Income Trust (NASDAQ:OPI) saw 0.85 million shares changing hands with its beta currently measuring 1.26. Company’s recent per share price level of $5.32 trading at $0.0 or 0.00% at ring of the bell on the day assigns it a market valuation of $259.40M. That closing price of OPI’s stock is at a discount of -240.23% from its 52-week high price of $18.10 and is indicating a premium of 29.51% from its 52-week low price of $3.75. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.02 million shares which gives us an average trading volume of 1.48 million if we extend that period to 3-months.
For Office Properties Income Trust (OPI), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.12 in the current quarter.
Office Properties Income Trust (NASDAQ:OPI) trade information
In the last five days OPI remained trading in the green while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $5.32 price level, adding 4.14% to its value on the day. Office Properties Income Trust’s shares saw a change of -60.15% in year-to-date performance and have moved 10.37% in past 5-day. Office Properties Income Trust (NASDAQ:OPI) showed a performance of 16.03% in past 30-days. Number of shares sold short was 4.74 million shares which calculate 3.38 days to cover the short interests.
Office Properties Income Trust (OPI) estimates and forecasts
Statistics highlight that Office Properties Income Trust is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -19.27% of value to its shares in past 6 months, showing an annual growth rate of -11.97% while that of industry is 2.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to decrease by -192.30% in the current quarter and calculating -1,700.00% decrease in the next quarter. This year revenue growth is estimated to fall -3.90% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $133.11 million for the same. And 1 analysts are in estimates of company making revenue of $133.06 million in the next quarter that will end on Mar 2024. Company posted $127.92 million and $132.42 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 4.10% while estimating it to be 0.50% for the next quarter.
In 2023, company’s earnings growth rate is likely to be around -124.68% while estimates for its earnings growth in next 5 years are of 5.00%.
Office Properties Income Trust is more likely to be releasing its next quarterly report between February 13 and February 19 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Office Properties Income Trust (NASDAQ:OPI)’s Major holders
Insiders are in possession of 1.98% of company’s total shares while institution are holding 81.72 percent of that, with stock having share float percentage of 83.37%. Investors also watch the number of corporate investors in a company very closely, which is 81.72% institutions for Office Properties Income Trust that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at OPI for having 4.97 million shares of worth $26.42 million. And as of Sep 29, 2023, it was holding 10.19% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 4.03 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 8.26% of outstanding shares, having a total worth of $21.44 million.
On the other hand, Vanguard Specialized-Real Estate Index Fund and Invesco ETF Tr-Invesco KBW Premium Yld Equity REIT ETF are the top two Mutual Funds which own company’s shares. As of Jul 30, 2023, the former fund manager was holding 2.05 million shares of worth $10.9 million or 4.20% of the total outstanding shares. The later fund manager was in possession of 1.84 million shares on Sep 29, 2023, making its stake of worth around $9.81 million in the company or a holder of 3.78% of company’s stock.