Office Properties Income Trust (NASDAQ:OPI) Short Interest Update

Office Properties Income Trust (NASDAQ:OPI) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 7,872 shares, a growth of ∞ from the June 15th total of 0 shares. Based on an average trading volume of 27,598 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of Office Properties Income Trust

A hedge fund recently raised its position in Office Properties Income Trust stock. Tidal Investments LLC increased its stake in Office Properties Income Trust (NASDAQ:OPI) by 308.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 122,785 shares of the company’s stock after purchasing an additional 92,699 shares during the period. Tidal Investments LLC owned approximately 0.17% of Office Properties Income Trust worth $30,000 as of its most recent filing with the SEC. 64.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Office Properties Income Trust Stock Performance

Shares of NASDAQ:OPI opened at $18.50 on Thursday. Office Properties Income Trust has a 12-month low of $15.14 and a 12-month high of $27.80. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -3.78 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.

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.