Office Properties Income Trust (NASDAQ:OPI) Hits New 12-Month Low – Time to Sell?

Shares of Office Properties Income Trust (NASDAQ:OPI) hit a new 52-week low during trading on Thursday . The stock traded as low as $15.14 and last traded at $15.70, with a volume of 20364 shares trading hands. The stock had previously closed at $16.30.

Office Properties Income Trust Price 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 stock has a market cap of $1.22 billion, a P/E ratio of -3.35 and a beta of 1.71.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Office Properties Income Trust stock. Jane Street Group LLC grew its holdings in Office Properties Income Trust (NASDAQ:OPI) by 290.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 688,815 shares of the company’s stock after purchasing an additional 512,368 shares during the quarter. Jane Street Group LLC owned about 0.93% of Office Properties Income Trust worth $170,000 as of its most recent filing with the SEC. 64.41% of the stock is owned by hedge funds and other 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.