Streetbeat News

OPI

Office Properties Income Trust

https://www.opireit.com/home/default.aspx

Industry

REIT - Office

OPI is a REIT focused on owning, operating and leasing properties primarily leased to single tenants and those with high credit quality characteristics such as government entities. OPI is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.

Open

0.84

Mkt cap

53M

Volume

161K

High

0.83

P/E Ratio

-0.29

52-wk high

3.02

Low

0.76

Div yield

0.05

52-wk low

0.71

B. Riley Securities analyst Bryan Maher maintains a Buy rating on Office Props IT (NASDAQ:OPI) but lowers the price target from $10 to $7.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 5:29 pm

Office Properties Income Trust (OPI) shares surged following the announcement of Q1 revenue results that exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:52 pm

Office Props IT (NASDAQ:OPI) reported Q1 2024 FFO of $0.79 per share, missing the $0.81 estimate, and sales of $139.435M, beating the $129.768M estimate. This represents a 27.52% decrease in earnings and a 5.30% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:51 pm

With interest rates at their highest in over two decades, investors are increasingly turning to corporate bonds, seeking higher yields and diversification from equities. Investment-grade bonds, issued by stable companies, offer safer investment options compared to high-yield bonds from riskier firms. Companies like Nvidia, Amazon, Apple, Eli Lilly, and Walt Disney are rated as investment grade, while AMC Entertainment, Office Property Income Trust, and Navient Corporation are considered speculative grade. The article lists the top 10 investment-grade corporate bonds with the highest yields as of April 2024, including issuers like Prospect Capital, Piedmont Office Realty Trust, Td Synnex Corp, Charter Communications, Vornado Realty Trust, Ford Motor Co, Monsanto (owned by Bayer A.G.), Vici Properties, Ally Financial, and Concentrix Corp.

Portfolio Pulse from Piero Cingari

April 05, 2024 | 4:24 pm

U.S. high-yield corporate bonds are attracting investors with returns over 20% as interest rates remain high. The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has seen a 10% increase since October 2023. High-yield bonds, also known as junk bonds, are issued by companies with lower credit ratings and come with higher risks. The top 10 high-yielding bonds as of April 2024 include issues from AMC Entertainment Holdings (AMC), Hughes Satellite Systems Corp. (SATS), Dish Network Corporation, Lumen Technologies Inc. (LUMN), and Office Properties Income Trust (OPI).

Portfolio Pulse from Piero Cingari

April 04, 2024 | 6:59 pm

Morgan Stanley analyst Ronald Kamdem has maintained an Underweight rating on Office Props IT (NASDAQ:OPI) and lowered the price target from $1.8 to $1.6.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:03 pm

The Federal Reserve's indication of potential interest rate cuts in 2024 and 2025 has sparked a rally in the real estate sector, particularly benefiting stocks with high debt levels or exposure to the office industry. The Vanguard Real Estate ETF (VNQ) and the VanEck Office And Commercial Real Estate ETF (DESK) saw increases, along with significant gains for City Office REIT (CIO), Compass Inc. (COMP), Office Properties Income Trust (OPI), Anywhere Real Estate Inc. (HOUS), and Vornado Realty Trust (VNO).

Portfolio Pulse from Piero Cingari

March 21, 2024 | 9:29 pm

Investor interest in high-yielding corporate bonds is increasing as expectations grow for the Federal Reserve to cut rates later this year. This trend is driven by a desire to lock in high interest rates and a change in Moody's rating approach, boosting demand for riskier, high-yield bonds. Companies like AMC Entertainment, Stanley Black & Decker, and Teledyne Technologies are among those offering the highest yields, indicating a higher risk of default but potentially higher returns for investors.

Portfolio Pulse from Adam Eckert

March 18, 2024 | 6:21 pm

The article highlights the top 3 oversold real estate stocks, which are Office Properties Income Trust (OPI), Orion Office REIT Inc. (ONL), and City Office REIT, Inc. (CIO), based on their RSI values indicating potential undervaluation. OPI reported positive quarterly sales but saw a significant price drop. ONL faced a decline after posting worse-than-expected financial results and a disappointing FY24 Core FFO guidance. CIO also experienced a decrease in stock price following downbeat quarterly sales, despite positive leasing activity momentum.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 12:26 pm

The commercial real estate (CRE) sector faces a refinancing challenge with $929 billion of mortgages maturing in 2024 amid high interest rates. The U.S. CRE market has seen a significant drop in transactions and rising delinquencies, especially in office and industrial leasing. Goldman Sachs reports a diverse composition of maturing CRE debt, with office properties showing the highest delinquency rates. The VanEck Office And Commercial REIT ETF (DESK) and stocks like OPI, ONL, and HPP have experienced notable declines.

Portfolio Pulse from Piero Cingari

February 28, 2024 | 6:23 pm

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