Office Properties Income Trust (NASDAQ:OPI) Reaches New 12-Month Low – Should You Sell?

Office Properties Income Trust (NASDAQ:OPI)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $17.00 and last traded at $17.00, with a volume of 50752 shares traded. The stock had previously closed at $27.80.

Office Properties Income Trust Stock Down 38.8%

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

Hedge Funds Weigh In On Office Properties Income Trust

An institutional investor recently raised its position in Office Properties Income Trust stock. Jane Street Group LLC boosted its position in Office Properties Income Trust (NASDAQ:OPI) by 290.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 688,815 shares of the company’s stock after buying an additional 512,368 shares during the quarter. Jane Street Group LLC owned approximately 0.93% of Office Properties Income Trust worth $170,000 at the end of the most recent quarter. 64.41% of the stock is owned by institutional investors.

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.