Office Properties Income Trust (NASDAQ:OPI) Shares Gap Up – Still a Buy?

Office Properties Income Trust (NASDAQ:OPI)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $16.50, but opened at $17.31. Office Properties Income Trust shares last traded at $17.0250, with a volume of 2,568 shares.

Wall Street Analysts Forecast Growth

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

Office Properties Income Trust Price Performance

The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of -3.67 and a beta of 1.71. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 2.22.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Office Properties Income Trust stock. Tidal Investments LLC increased its holdings in shares of Office Properties Income Trust (NASDAQ:OPI) by 308.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,785 shares of the company’s stock after purchasing an additional 92,699 shares during the quarter. Tidal Investments LLC owned 0.17% of Office Properties Income Trust worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.