Office Properties Income Trust (NASDAQ:OPI) Now Covered by Analysts at Odeon Capital Group

Equities researchers at Odeon Capital Group assumed coverage on shares of Office Properties Income Trust (NASDAQ:OPI) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $27.00 price target on the stock. Odeon Capital Group’s price target suggests a potential upside of 60.34% from the company’s current price.

Office Properties Income Trust Stock Up 2.4%

NASDAQ OPI traded up $0.40 on Tuesday, reaching $16.84. 1,039 shares of the company’s stock traded hands, compared to its average volume of 40,971. The stock has a market capitalization of $1.25 billion, a P/E ratio of -3.38 and a beta of 1.71. Office Properties Income Trust has a 12 month low of $15.14 and a 12 month high of $27.80. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.33 and a quick ratio of 2.33.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Office Properties Income Trust stock. Jane Street Group LLC boosted its stake in shares of Office Properties Income Trust (NASDAQ:OPI) by 290.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 688,815 shares of the company’s stock after acquiring an additional 512,368 shares during the quarter. Jane Street Group LLC owned 0.93% of Office Properties Income Trust worth $170,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds 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.