Office Properties Income Trust (NASDAQ:OPI) Sees Large Volume Increase – Time to Buy?

Shares of Office Properties Income Trust (NASDAQ:OPI) saw strong trading volume on Wednesday . Approximately 1,103,664 shares were traded during mid-day trading, an increase of 2,104% from the previous session’s volume of 50,082 shares.The stock last traded at $17.7450 and had previously closed at $17.96.

Wall Street Analyst Weigh In

Several research firms have commented on OPI. Odeon Capital Group began coverage on shares of Office Properties Income Trust in a research report on Tuesday, July 7th. They set a “buy” rating and a $27.00 target price on the stock. Wall Street Zen raised Office Properties Income Trust to a “hold” rating in a report on Sunday. Finally, Odean Cap Resea raised Office Properties Income Trust to a “strong-buy” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Office Properties Income Trust presently has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Office Properties Income Trust Stock Up 3.0%

The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -3.74 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 grew its stake in shares of Office Properties Income Trust (NASDAQ:OPI) by 308.1% in the second quarter, according to its most recent 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 period. Tidal Investments LLC owned about 0.17% of Office Properties Income Trust worth $30,000 at the end of the most recent reporting period. 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.