In the last trading session, 1.09 million shares of the Office Properties Income Trust (NASDAQ:OPI) were traded, and its beta was 1.11. Most recently the company’s share price was $1.16, and it changed around -$0.05 or -4.13% from the last close, which brings the market valuation of the company to $64.71M. OPI currently trades at a discount to its 52-week high of $7.53, offering almost -549.14% off that amount. The share price’s 52-week low was $1.17, which indicates that the current value has fallen by an impressive -0.86% since then. We note from Office Properties Income Trust’s average daily trading volume that its 10-day average is 1.35 million shares, with the 3-month average coming to 811.44K.
Office Properties Income Trust stock received a consensus recommendation rating of Buy, based on a mean score of 3.00. If we narrow it down even further, the data shows that 1 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended OPI as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Office Properties Income Trust is expected to report earnings per share of -0.61 for the current quarter.
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Office Properties Income Trust (NASDAQ:OPI) trade information
Instantly OPI has showed a red trend with a performance of -4.13% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.3500 on recent trading dayincreased the stock’s daily price by 14.07%. The company’s shares are currently down -84.15% year-to-date, but still down -7.20% over the last five days. On the other hand, Office Properties Income Trust (NASDAQ:OPI) is -41.71% down in the 30-day period. We can see from the shorts that 4.85 million shares have been sold at a short interest cover period of 5.95 day(s).
Office Properties Income Trust (OPI) estimates and forecasts
Office Properties Income Trust share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -50.21 percent over the past six months and at a -45.80% annual growth rate that is well below the industry average of 1.10%. The year-over-year growth rate is expected to be -9.17%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 117.32M in revenue for the current quarter. 1 analysts expect Office Properties Income Trust to make 501.06M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 133.77M and 533.55M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -12.30%. Forecasts for the next quarter put sales growth at -6.09%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -58.38%. Office Properties Income Trust earnings are expected to increase by -24.55% in 2024, but the outlook is positive 5.00% per year for the next five years.
OPI Dividends
Office Properties Income Trust’s next quarterly earnings report is expected to be released in December. The annual dividend yield of the stock is 3.45 percent and its annual dividend per share was 0.04. It is important to note, however, that the 3.45% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 13.96 per year.
Office Properties Income Trust (NASDAQ:OPI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.30% of Office Properties Income Trust shares, and 47.73% of them are in the hands of institutional investors. The stock currently has a share float of 48.86%. Office Properties Income Trust stock is held by 158.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.9269% of the shares, which is about 4.81 million shares worth $9.81 million.
CASTLEKNIGHT MANAGEMENT LP, with 4.6439% or 2.25 million shares worth $4.59 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
