Office Properties Income Trust (NASDAQ:OPI) Declares Quarterly Dividend of $0.01

Office Properties Income Trust (NASDAQ:OPI) declared a quarterly dividend on Thursday, January 16th,Wall Street Journal reports. Stockholders of record on Monday, January 27th will be paid a dividend of 0.01 per share on Thursday, February 20th. This represents a $0.04 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Monday, January 27th.

Office Properties Income Trust has decreased its dividend by an average of 73.7% annually over the last three years. Office Properties Income Trust has a dividend payout ratio of -1.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Office Properties Income Trust to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 3.3%.

Office Properties Income Trust Price Performance

NASDAQ:OPI traded up $0.03 during trading hours on Friday, hitting $0.92. 901,653 shares of the company’s stock traded hands, compared to its average volume of 579,205. The firm has a market cap of $51.32 million, a P/E ratio of -2.04 and a beta of 1.25. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.82. The business’s fifty day simple moving average is $1.20 and its two-hundred day simple moving average is $1.82. Office Properties Income Trust has a 52 week low of $0.86 and a 52 week high of $4.06.

Office Properties Income Trust (NASDAQ:OPI) last released its earnings results on Wednesday, October 30th. The company reported ($1.14) EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($1.61). Office Properties Income Trust had a negative net margin of 4.75% and a negative return on equity of 1.92%. The firm had revenue of $120.62 million during the quarter, compared to the consensus estimate of $119.93 million. On average, research analysts anticipate that Office Properties Income Trust will post 2.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Office Properties Income Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th.

Office Properties Income Trust Company Profile

OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of December 31, 2023, approximately 64% of OPI's revenues were from investment grade rated tenants. OPI owned 152 properties as of December 31, 2023, with approximately 20.5 million square feet located in 30 states and Washington, DC In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year.