Office Properties Income Trust (NASDAQ:OPI) Reaches New 52-Week Low – Time to Sell?

Office Properties Income Trust (NASDAQ:OPI) hit a new 52-week low on Tuesday . The company traded as low as $17.00 and last traded at $17.00, with a volume of 50752 shares changing hands. The stock had previously closed at $27.80.

Office Properties Income Trust Stock Performance

The stock has a market cap of $1.26 billion, a PE ratio of -3.47 and a beta of 1.71. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 2.22.

Institutional Trading of Office Properties Income Trust

An institutional investor recently raised its stake in Office Properties Income Trust stock. Jane Street Group LLC lifted its holdings in Office Properties Income Trust (NASDAQ:OPI) by 290.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 688,815 shares of the company’s stock after buying an additional 512,368 shares during the quarter. Jane Street Group LLC owned approximately 0.93% of Office Properties Income Trust worth $170,000 as of its most recent filing with the SEC. 64.41% of the stock is currently owned by institutional investors and hedge funds.

Office Properties Income Trust Company Profile

Office Properties Income Trust (NASDAQ: OPI) is a real estate investment trust formed to acquire, own and manage single-tenant, net-leased office properties across the United States. Organized as a Maryland REIT, the company completed its initial public offering in 2020 and trades on the NASDAQ under the ticker “OPI.” Its investment strategy centers on free-standing office buildings leased on long-term, triple-net leases to creditworthy tenants, offering predictable cash flows and limited operational exposure.

The trust’s core activities include sourcing and underwriting acquisitions, overseeing property management and structuring lease agreements that transfer most property expenses to tenants.