D. E. Shaw & Co. Inc. Has $304,000 Stock Position in Office Properties Income Trust (NASDAQ:OPI)

D. E. Shaw & Co. Inc. reduced its position in shares of Office Properties Income Trust (NASDAQ:OPI) by 6.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,582 shares of the company’s stock after selling 800 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Office Properties Income Trust were worth $304,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Morgan Stanley raised its position in Office Properties Income Trust by 104.6% during the second quarter. Morgan Stanley now owns 382,070 shares of the company’s stock valued at $10,038,000 after purchasing an additional 195,347 shares in the last quarter. Bank of America Corp DE raised its position in Office Properties Income Trust by 1.0% during the second quarter. Bank of America Corp DE now owns 45,828 shares of the company’s stock valued at $1,204,000 after purchasing an additional 439 shares in the last quarter. Invesco Ltd. grew its stake in shares of Office Properties Income Trust by 41.3% during the second quarter. Invesco Ltd. now owns 752,918 shares of the company’s stock worth $19,779,000 after buying an additional 220,175 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Office Properties Income Trust by 5.2% during the second quarter. Vanguard Group Inc. now owns 7,447,902 shares of the company’s stock worth $195,656,000 after buying an additional 367,527 shares during the last quarter. Finally, Pinebridge Investments L.P. grew its stake in shares of Office Properties Income Trust by 45.5% during the second quarter. Pinebridge Investments L.P. now owns 54,144 shares of the company’s stock worth $1,423,000 after buying an additional 16,924 shares during the last quarter. Institutional investors and hedge funds own 70.23% of the company’s stock.

A number of analysts have weighed in on OPI shares. ValuEngine raised shares of Office Properties Income Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada raised shares of Office Properties Income Trust from an “underperform” rating to a “sector perform” rating and set a $27.00 target price on the stock in a research note on Friday, June 28th. Morgan Stanley set a $27.00 target price on shares of Office Properties Income Trust and gave the stock a “hold” rating in a research note on Monday, June 17th. Finally, Zacks Investment Research cut shares of Office Properties Income Trust from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Office Properties Income Trust has an average rating of “Hold” and an average price target of $27.50.

NASDAQ OPI opened at $30.42 on Friday. The firm’s fifty day moving average price is $29.09 and its two-hundred day moving average price is $27.27. The stock has a market cap of $1.45 billion, a PE ratio of 3.83 and a beta of 1.66. Office Properties Income Trust has a fifty-two week low of $23.36 and a fifty-two week high of $41.60. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.86 and a current ratio of 0.86.

Office Properties Income Trust (NASDAQ:OPI) last posted its earnings results on Friday, August 2nd. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.32. The firm had revenue of $176.03 million for the quarter, compared to analysts’ expectations of $156.50 million. Office Properties Income Trust had a negative net margin of 15.86% and a negative return on equity of 4.92%. As a group, sell-side analysts predict that Office Properties Income Trust will post 5.88 earnings per share for the current fiscal year.

Office Properties Income Trust Company Profile

Office Properties Income Trust is a real estate investment trust, or REIT, which owns buildings primarily leased to single tenants and those with high credit quality characteristics like government entities. In December 2018, our predecessor company Government Properties Income Trust, or GOV, merged with Select Income REIT, or SIR, and the combined company was renamed Office Properties Income Trust, or OPI.

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Institutional Ownership by Quarter for Office Properties Income Trust (NASDAQ:OPI)

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