Office Properties Income Trust (NASDAQ:OPI) Stock Price Down 5.6% – Here’s Why

Office Properties Income Trust (NASDAQ:OPI)’s share price dropped 5.6% on Friday . The company 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.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OPI. Wall Street Zen raised Office Properties Income Trust to a “hold” rating in a research 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 started coverage on Office Properties Income Trust in a research report on Tuesday, July 7th. They issued a “buy” rating and a $27.00 price target 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. Based on data from MarketBeat, Office Properties Income Trust currently has an average rating of “Moderate Buy” and an average target price of $27.00.

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 capitalization of $1.33 billion, a price-to-earnings ratio of -3.67 and a beta of 1.71.

Institutional Trading of Office Properties Income Trust

A hedge fund recently raised its stake in Office Properties Income Trust stock. Tidal Investments LLC raised its stake in shares of Office Properties Income Trust (NASDAQ:OPI) by 308.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 about 0.17% of Office Properties Income Trust worth $30,000 at the end of the most recent reporting period. Hedge funds and other 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.