Office Properties Income Trust (OPI) to Issue Quarterly Dividend of $0.01 on February 20th

Office Properties Income Trust (NASDAQ:OPI) declared a quarterly dividend on Thursday, January 16th,Wall Street Journal reports. Investors of record on Monday, January 27th will be given a dividend of 0.01 per share on Thursday, February 20th. This represents a $0.04 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Monday, January 27th.

Office Properties Income Trust has decreased its dividend by an average of 73.7% per year over the last three years. Office Properties Income Trust has a dividend payout ratio of -1.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Office Properties Income Trust Stock Performance

Shares of NASDAQ OPI opened at $0.92 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.89 and a quick ratio of 1.89. The business has a 50-day moving average of $1.16 and a 200-day moving average of $1.78. Office Properties Income Trust has a 12 month low of $0.86 and a 12 month high of $4.06.

Office Properties Income Trust (NASDAQ:OPI) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($1.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($1.61). The firm had revenue of $120.62 million for the quarter, compared to the consensus estimate of $119.93 million. Office Properties Income Trust had a negative return on equity of 1.92% and a negative net margin of 4.75%.

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 note on Tuesday, October 15th.

Office Properties Income Trust Company Profile

Office Properties Income Trust is a real estate investment trust. It owns, operates, and leases office buildings to single tenants and multi-tenant buildings. The company was founded on February 17, 2009 and is headquartered in Newton, MA.