Office Properties Income Trust (NASDAQ:OPI) Hits New 1-Year High – Still a Buy?

Office Properties Income Trust (NASDAQ:OPI) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $30.00 and last traded at $30.17, with a volume of 331 shares changing hands. The stock had previously closed at $30.00.

Office Properties Income Trust Price Performance

The stock has a market cap of $1.21 billion, a P/E ratio of -3.33 and a beta of 1.71. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.33 and a quick ratio of 2.33.

Institutional Investors Weigh In On Office Properties Income Trust

A hedge fund recently raised its stake in Office Properties Income Trust stock. Tidal Investments LLC boosted its stake in Office Properties Income Trust (NASDAQ:OPI) by 308.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,785 shares of the company’s stock after acquiring an additional 92,699 shares during the quarter. Tidal Investments LLC owned about 0.17% of Office Properties Income Trust worth $30,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.