Office Properties Income Trust (NASDAQ:OPI) Shares Down 5.6% – What’s Next?

Office Properties Income Trust (NASDAQ:OPI)’s share price dropped 5.6% during mid-day trading on Friday . The stock traded as low as $17.71 and last traded at $17.7490. 2,390,732 shares changed hands during trading, an increase of 349% from the average session volume of 532,677 shares. The stock had previously closed at $18.81.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on OPI shares. Wall Street Zen upgraded Office Properties Income Trust to a “hold” rating in a report on Sunday, July 12th. Odean Cap Resea raised Office Properties Income Trust to a “strong-buy” rating in a report on Tuesday, July 7th. Finally, Odeon Capital Group assumed coverage on Office Properties Income Trust in a research report on Tuesday, July 7th. They issued a “buy” rating and a $27.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Office Properties Income Trust presently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

Office Properties Income Trust Stock Down 2.5%

The firm has a market cap of $1.36 billion, a price-to-earnings ratio of -3.77 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.

Hedge Funds Weigh In On Office Properties Income Trust

A hedge fund recently raised its stake in Office Properties Income Trust stock. Jane Street Group LLC boosted 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 Securities and Exchange Commission. The fund owned 688,815 shares of the company’s stock after buying an additional 512,368 shares during the period. Jane Street Group LLC owned 0.93% of Office Properties Income Trust worth $170,000 at the end of the most recent reporting period. Institutional investors own 64.41% of the company’s stock.

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.