Shares of Office Properties Income Trust (NASDAQ:OPI – Get Free Report) were down 7.4% during mid-day trading on Thursday . The company traded as low as $17.91 and last traded at $17.5250. 8,734 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 21,521 shares. The stock had previously closed at $18.92.
Office Properties Income Trust Stock Performance
The company has a debt-to-equity ratio of 2.22, a quick ratio of 2.33 and a current ratio of 2.33. The company has a market cap of $1.28 billion, a PE ratio of -3.53 and a beta of 1.71.
Institutional Investors Weigh In On Office Properties Income Trust
A hedge fund recently raised its stake in Office Properties Income Trust stock. Tidal Investments LLC increased its holdings in Office Properties Income Trust (NASDAQ:OPI – Free Report) by 308.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,785 shares of the company’s stock after purchasing an additional 92,699 shares during the period. Tidal Investments LLC owned approximately 0.17% of Office Properties Income Trust worth $30,000 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.
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