In the last trading session, 2.13 million Office Properties Income Trust (NASDAQ:OPI) shares changed hands as the company’s beta touched 1.08. With the company’s per share price at $1.25 changed hands at $0.01 or 0.81% during last session, the market valuation stood at $69.73M. OPI’s last price was a discount, traded about -502.4% off its 52-week high of $7.53. The share price had its 52-week low at $1.24, which suggests the last value was 0.8% up since then. When we look at Office Properties Income Trust’s average trading volume, we note the 10-day average is 1.67 million shares, with the 3-month average coming to 720.97K.
Analysts gave the Office Properties Income Trust (OPI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 1 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended OPI as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Office Properties Income Trust’s EPS for the current quarter is expected to be -0.61.
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Office Properties Income Trust (NASDAQ:OPI) trade information
Instantly OPI was in green as seen at the end of in last trading. With action -11.97%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -82.92%, with the 5-day performance at -11.97% in the red. However, in the 30-day time frame, Office Properties Income Trust (NASDAQ:OPI) is -38.12% down. Looking at the short shares, we see there were 4.4 million shares sold at short interest cover period of 5.84 days.
Office Properties Income Trust (OPI) estimates and forecasts
Data shows that the Office Properties Income Trust share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -51.55% over the past 6 months, a -45.80% in annual growth rate that is considerably lower than the industry average of 0.90%. Year-over-year growth is forecast to reach -6.50% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 117.32M. The company’s revenue for the corresponding quarters a year ago was 133.77M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -12.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -58.38%. The 2024 estimates are for Office Properties Income Trust earnings to decrease by -24.55%, but the outlook for the next 5-year period is at 5.00% per year.
OPI Dividends
Office Properties Income Trust is expected to release its next quarterly earnings report in December. The 3.20% annual yield figure for the share gives it an annual dividend of 0.04. It is important to note, however, that the 3.20% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 13.96 per year.
Office Properties Income Trust (NASDAQ:OPI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.30% of Office Properties Income Trust shares while 52.15% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 53.38%. There are 52.15% institutions holding the Office Properties Income Trust stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.9269% of the shares, roughly 4.81 million OPI shares worth $9.81 million.
CASTLEKNIGHT MANAGEMENT LP holds the second largest percentage of outstanding shares, with 4.6439% or 2.25 million shares worth $4.59 million as of 2024-06-30.
