During the recent session, Office Properties Income Trust (NASDAQ:OPI)’s traded shares were 2.76 million, with the beta value of the company hitting 1.12. At the last check today, the stock’s price was $1.52, reflecting an intraday loss of -22.59% or -$0.45. The 52-week high for the OPI share is $7.53, that puts it down -395.39 from that peak though still a striking -19.08% loss since the share price plummeted to a 52-week low of $1.81. The company’s market capitalization is $81.35M, and the average intraday trading volume over the past 10 days was 0.68 million shares, and the average trade volume was 604.92K shares over the past three months.
Office Properties Income Trust (OPI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.00. OPI has a Sell rating from 1 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.57.
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Office Properties Income Trust (NASDAQ:OPI) trade information
Office Properties Income Trust (OPI) registered a -22.59% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -22.59% in intraday trading to $1.52, hitting a weekly high. The stock’s 5-day price performance is -20.57%, and it has moved by -26.68% in 30 days. Based on these gigs, the overall price performance for the year is -66.04%. The short interest in Office Properties Income Trust (NASDAQ:OPI) is 4.4 million shares and it means that shorts have 5.84 day(s) to cover.
Office Properties Income Trust (OPI) estimates and forecasts
Statistics show that Office Properties Income Trust has underperformed its competitors in share price, compared to the industry in which it operates. Office Properties Income Trust (OPI) shares have gone down -40.43% during the last six months, with a year-to-date growth rate less than the industry average at -43.65% against 0.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -128.00% this quarter and then drop -48.80% in the quarter after that. In the rating firms’ projections, revenue will decrease -6.50% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 120.62M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 117.76M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 133.36M and 133.77M respectively. In this case, analysts expect current quarter sales to shrink by -9.60% and then drop by -12.00% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -58.38%. While earnings are projected to return -24.55% in 2024, the next five years will return 5.00% per annum.
OPI Dividends
Office Properties Income Trust is due to release its next quarterly earnings on 2024-Oct-30. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Office Properties Income Trust is 0.04, with the dividend yield indicating at 2.62 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 14.04%.
Office Properties Income Trust (NASDAQ:OPI)’s Major holders
Office Properties Income Trust insiders own 2.41% of total outstanding shares while institutional holders control 53.07%, with the float percentage being 54.38%. VANGUARD GROUP INC is the largest shareholder of the company, while 176.0 institutions own stock in it. As of 2024-06-30, the company held over 4.81 million shares (or 9.9269% of all shares), a total value of $9.81 million in shares.
The next largest institutional holding, with 2.25 million shares, is of CASTLEKNIGHT MANAGEMENT LP’s that is approximately 4.6439% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.59 million.
