Office Properties Income Trust (NASDAQ:OPINL) Trading 3.9% Higher – Still a Buy?

Office Properties Income Trust (NASDAQ:OPINL)’s stock price was up 3.9% during mid-day trading on Wednesday . The stock traded as high as $14.83 and last traded at $14.75. Approximately 19,484 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 29,124 shares. The stock had previously closed at $14.19.

Office Properties Income Trust Stock Down 0.7 %

The company’s 50 day moving average is $13.27 and its 200 day moving average is $11.54.

Office Properties Income Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Thursday, August 15th were paid a $0.3984 dividend. This represents a $1.59 annualized dividend and a yield of 10.95%. The ex-dividend date was Thursday, August 15th.

About Office Properties Income Trust

OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of December 31, 2023, approximately 64% of OPI’s revenues were from investment grade rated tenants. OPI owned 152 properties as of December 31, 2023, with approximately 20.5 million square feet located in 30 states and Washington, DC In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year.