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

Office Properties Income Trust (NASDAQ:OPI) announced a quarterly dividend on Friday, January 17th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date is Monday, January 27th.

Office Properties Income Trust has decreased its dividend payment by an average of 73.7% annually over the last three years. Office Properties Income Trust has a dividend payout ratio of -1.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Stock Performance

Shares of NASDAQ:OPI traded up $0.03 during midday trading on Friday, reaching $0.92. The company had a trading volume of 901,653 shares, compared to its average volume of 579,205. The stock 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 current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 1.82. The company’s 50 day moving average price is $1.20 and its 200 day moving average price 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 posted its quarterly earnings data on Wednesday, October 30th. The company reported ($1.14) earnings per share for the quarter, missing the consensus estimate of $0.47 by ($1.61). The company had revenue of $120.62 million for the quarter, compared to analysts’ expectations of $119.93 million. Office Properties Income Trust had a negative net margin of 4.75% and a negative return on equity of 1.92%. As a group, sell-side analysts anticipate that Office Properties Income Trust will post 2.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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.

About Office Properties Income Trust

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.