Office Properties Income Trust (NASDAQ:OPI) Shares Gap Down – Time to Sell?

Office Properties Income Trust (NASDAQ:OPI) gapped down prior to trading on Monday . The stock had previously closed at $18.81, but opened at $18.01. Office Properties Income Trust shares last traded at $17.81, with a volume of 336 shares trading hands.

Wall Street Analyst Weigh In

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

Office Properties Income Trust Trading Up 2.3%

The firm has a market capitalization of $1.36 billion, a P/E ratio of -3.88 and a beta of 1.71. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 2.22.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Office Properties Income Trust stock. Tidal Investments LLC raised its stake in shares of Office Properties Income Trust (NASDAQ:OPI) by 308.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,785 shares of the company’s stock after purchasing an additional 92,699 shares during the quarter. Tidal Investments LLC owned 0.17% of Office Properties Income Trust worth $30,000 as of its most recent filing with the Securities and Exchange Commission. 64.41% of the stock is owned by 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.