Office Properties Income Trust (NASDAQ:OPINL) Trading Down 0.6% – Time to Sell?

Office Properties Income Trust (NASDAQ:OPINL) traded down 0.6% during mid-day trading on Monday . The stock traded as low as $12.03 and last traded at $11.95. 427 shares changed hands during trading, a decline of 93% from the average session volume of 6,521 shares. The stock had previously closed at $12.02.

Office Properties Income Trust Price Performance

The stock has a fifty day moving average price of $11.91 and a 200-day moving average price of $12.26.

Office Properties Income Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Friday, November 15th were paid a dividend of $0.3984 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.59 annualized dividend and a dividend yield of 13.09%.

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.