Office Properties Income Trust (NASDAQ:OPI) Short Interest Update

Office Properties Income Trust (NASDAQ:OPI) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 7,872 shares, a growth of ? from the June 15th total of 0 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 27,598 shares, the days-to-cover ratio is presently 0.3 days.

Office Properties Income Trust Price Performance

OPI traded down $0.41 during trading on Friday, reaching $18.40. 6,299,091 shares of the company’s stock were exchanged, compared to its average volume of 739,570. The firm has a market capitalization of $1.36 billion, a PE ratio of -3.71 and a beta of 1.71. Office Properties Income Trust has a fifty-two week low of $15.14 and a fifty-two week high of $27.80. The company has a debt-to-equity ratio of 2.22, a quick ratio of 2.33 and a current ratio of 2.33.

Analysts Set New Price Targets

OPI has been the topic of a number of research reports. Odeon Capital Group started coverage on shares of Office Properties Income Trust in a research report on Tuesday, July 7th. They set a “buy” rating and a $27.00 target price on the stock. Odean Cap Resea raised shares of Office Properties Income Trust to a “strong-buy” rating in a report on Tuesday, July 7th. Finally, Wall Street Zen upgraded shares of Office Properties Income Trust to a “hold” rating in a research report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Institutional Investors Weigh In On Office Properties Income Trust

A hedge fund recently raised its stake in Office Properties Income Trust stock. Jane Street Group LLC raised its stake in Office Properties Income Trust (NASDAQ:OPI) by 290.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 688,815 shares of the company’s stock after buying an additional 512,368 shares during the quarter. Jane Street Group LLC owned 0.93% of Office Properties Income Trust worth $170,000 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.