Office Properties Income Trust (NASDAQ:OPI)’s traded shares stood at 2.01 million during the last session, with the company’s beta value hitting 1.09. At the close of trading, the stock’s price was $1.25, to imply a decrease of -4.58% or -$0.06 in intraday trading. The OPI share’s 52-week high remains $7.53, putting it -502.4% down since that peak but still an impressive 5.6% since price per share fell to its 52-week low of $1.18. The company has a valuation of $69.72M, with an average of 1.46 million shares in intraday trading volume over the past 10 days and average of 774.76K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Office Properties Income Trust (OPI), translating to a mean rating of 3.00. Of 3 analyst(s) looking at the stock, 1 analyst(s) give OPI a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.61.
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Office Properties Income Trust (NASDAQ:OPI) trade information
After registering a -4.58% downside in the last session, Office Properties Income Trust (OPI) has traded red over the past five days. The 5-day price performance for the stock is -7.41%, and -38.42% over 30 days. With these gigs, the year-to-date price performance is -82.92%. Short interest in Office Properties Income Trust (NASDAQ:OPI) saw shorts transact 4.85 million shares and set a 5.95 days time to cover.
Office Properties Income Trust (OPI) estimates and forecasts
Looking at statistics comparing Office Properties Income Trust share performance against respective industry, we note that the company has underperformed competitors. Office Properties Income Trust (OPI) shares are -45.65% down over the last 6 months, with its year-to-date growth rate lower than industry average at -45.80% against 0.90%. The rating firms project that company’s revenue will shrink -9.17% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 117.32M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 501.06M.Earnings reports from the last fiscal year show that sales brought in 133.77M and 533.55M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -12.30% before dropping -6.09% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -58.38% for the past 5-year period. While 2024 is set for a -24.55% return in earnings, projections for the next 5 years are at 5.00% annually.
OPI Dividends
Office Properties Income Trust has its next earnings report out in December. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Office Properties Income Trust has a forward dividend ratio of 0.04, with the share yield ticking at 3.20% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 13.96%.
Office Properties Income Trust (NASDAQ:OPI)’s Major holders
Office Properties Income Trust insiders hold 2.30% of total outstanding shares, with institutional holders owning 50.36% of the shares at 51.55% float percentage. In total, 50.36% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 4.81 million shares (or 9.9269% of shares), all amounting to roughly $9.81 million.
The next major institution holding the largest number of shares is CASTLEKNIGHT MANAGEMENT LP with 2.25 million shares, or about 4.6439% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $4.59 million.
