Office Properties Income Trust (NASDAQ:OPI) Shares Down 7.4% – Here’s What Happened

Office Properties Income Trust (NASDAQ:OPI) dropped 7.4% during trading on Thursday . The stock traded as low as $17.91 and last traded at $17.5250. 8,734 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 21,521 shares. The stock had previously closed at $18.92.

Office Properties Income Trust Price Performance

The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 2.22.

Hedge Funds Weigh In On Office Properties Income Trust

An institutional investor recently raised its stake in Office Properties Income Trust stock. Tidal Investments LLC lifted its position in shares of Office Properties Income Trust (NASDAQ:OPI) by 308.1% in the second quarter, according to the company in its most recent disclosure 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 0.17% of Office Properties Income Trust worth $30,000 as of its most recent SEC filing. Institutional investors own 64.41% of the company’s stock.

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.