Office Properties Income Trust (NASDAQ:OPI – Get Free Report)’s stock price fell 7.4% on Thursday . The company traded as low as $17.91 and last traded at $17.5250. 8,734 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 21,521 shares. The stock had previously closed at $18.92.
Office Properties Income Trust Stock 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. The firm has a market capitalization of $1.28 billion, a PE ratio of -3.53 and a beta of 1.71.
Institutional Investors Weigh In On Office Properties Income Trust
An institutional investor recently raised its position in Office Properties Income Trust stock. Jane Street Group LLC increased its position in Office Properties Income Trust (NASDAQ:OPI – Free Report) by 290.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 688,815 shares of the company’s stock after purchasing an additional 512,368 shares during the period. Jane Street Group LLC owned about 0.93% of Office Properties Income Trust worth $170,000 at the end of the most recent reporting period. Hedge funds and other 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.
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