Office Properties Income Trust (NASDAQ:OPI) Shares Gap Down – What’s Next?

Office Properties Income Trust (NASDAQ:OPI)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $18.81, but opened at $18.01. Office Properties Income Trust shares last traded at $17.81, with a volume of 336 shares.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Wall Street Zen upgraded Office Properties Income Trust to a “hold” rating in a report on Sunday, July 12th. Odeon Capital Group assumed coverage on Office Properties Income Trust in a report on Tuesday, July 7th. They set a “buy” rating and a $27.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Office Properties Income Trust Stock Down 3.8%

The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -3.72 and a beta of 1.71.

Institutional Investors Weigh In On Office Properties Income Trust

A hedge fund recently raised its position in Office Properties Income Trust stock. Tidal Investments LLC grew its stake in shares of Office Properties Income Trust (NASDAQ:OPI) by 308.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,785 shares of the company’s stock after purchasing an additional 92,699 shares during the period. Tidal Investments LLC owned approximately 0.17% of Office Properties Income Trust worth $30,000 as of its most recent filing with the Securities and Exchange Commission. 64.41% of the stock is owned by institutional investors and hedge funds.

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.