Office Properties Income Trust (NASDAQ:OPI) Rating Increased to Hold at Wall Street Zen

Office Properties Income Trust (NASDAQ:OPI) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a research note issued on Sunday.

OPI has been the topic of a number of other reports. Odean Cap Resea raised Office Properties Income Trust to a “strong-buy” rating in a research note on Tuesday, July 7th. Odeon Capital Group started coverage on Office Properties Income Trust in a research note on Tuesday, July 7th. They issued a “buy” rating and a $27.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Office Properties Income Trust Price Performance

Shares of OPI stock traded up $1.00 on Friday, reaching $17.50. 85,619 shares of the company were exchanged, compared to its average volume of 50,271. The stock has a market capitalization of $1.29 billion, a PE ratio of -3.57 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. Office Properties Income Trust has a one year low of $15.14 and a one year high of $27.80.

Institutional Investors Weigh In On Office Properties Income Trust

A hedge fund recently raised its position in Office Properties Income Trust stock. Jane Street Group LLC increased its stake in shares of Office Properties Income Trust (NASDAQ:OPI) by 290.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 688,815 shares of the company’s stock after buying an additional 512,368 shares during the period. Jane Street Group LLC owned about 0.93% of Office Properties Income Trust worth $170,000 as of its most recent SEC filing. 64.41% of the stock is currently owned by institutional investors and hedge funds.

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.