Office Properties Income Trust (NASDAQ:OPI) Hits New 12-Month High – Here’s Why

Office Properties Income Trust (NASDAQ:OPI)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $30.00 and last traded at $30.17, with a volume of 331 shares trading hands. The stock had previously closed at $30.00.

Office Properties Income Trust Stock Performance

The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -3.47 and a beta of 1.71.

Hedge Funds 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 holdings in Office Properties Income Trust (NASDAQ:OPI) by 308.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 122,785 shares of the company’s stock after buying an additional 92,699 shares during the quarter. Tidal Investments LLC owned approximately 0.17% of Office Properties Income Trust worth $30,000 at the end of the most recent reporting period. 64.41% of the stock is owned by institutional investors.

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.