Shares of Office Properties Income Trust (NASDAQ:OPI – Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $17.00 and last traded at $17.00, with a volume of 50752 shares trading hands. The stock had previously closed at $27.80.
Office Properties Income Trust Price Performance
The company has a debt-to-equity ratio of 2.22, a current ratio of 2.33 and a quick ratio of 2.33. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -3.86 and a beta of 1.71.
Institutional Investors Weigh In On Office Properties Income Trust
An institutional investor recently raised its position in Office Properties Income Trust stock. Tidal Investments LLC boosted its position in shares of Office Properties Income Trust (NASDAQ:OPI – Free Report) by 308.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 122,785 shares of the company’s stock after purchasing 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 quarter. 64.41% of the stock is currently owned by hedge funds and other institutional investors.
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.
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