Office Properties Income Trust (NASDAQ:OPI) Trading Up 10.4% – Time to Buy?

Office Properties Income Trust (NASDAQ:OPI) was up 10.4% on Wednesday . The company traded as high as $18.23 and last traded at $18.01. 8,699 shares changed hands during trading, a decline of 63% from the average daily volume of 23,579 shares. The stock had previously closed at $16.31.

Office Properties Income Trust Stock Up 11.0%

The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $1.34 billion, a P/E ratio of -3.69 and a beta of 1.71.

Hedge Funds Weigh In On Office Properties Income Trust

A hedge fund recently raised its position in Office Properties Income Trust stock. Tidal Investments LLC boosted its position in shares of Office Properties Income Trust (NASDAQ:OPI) by 308.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 122,785 shares of the company’s stock after buying an additional 92,699 shares during the quarter. 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.

About Office Properties Income Trust

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.