Office Properties Income Trust (NASDAQ:OPI) Sees Large Volume Increase – Here’s Why

Shares of Office Properties Income Trust (NASDAQ:OPI) saw unusually-strong trading volume on Wednesday . Approximately 1,103,664 shares traded hands during 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.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Odeon Capital Group began coverage on Office Properties Income Trust in a report on Tuesday, July 7th. They issued a “buy” rating and a $27.00 price target for the company. Wall Street Zen upgraded Office Properties Income Trust to a “hold” rating in a report on Sunday, July 12th. Finally, Odean Cap Resea upgraded 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 issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Office Properties Income Trust Stock Performance

The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -3.84 and a beta of 1.71. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 2.22.

Institutional Trading of Office Properties Income Trust

A hedge fund recently raised its stake in Office Properties Income Trust stock. Tidal Investments LLC raised its position in Office Properties Income Trust (NASDAQ:OPI) by 308.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 122,785 shares of the company’s stock after acquiring an additional 92,699 shares during the quarter. Tidal Investments LLC owned approximately 0.17% of Office Properties Income Trust worth $30,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 64.41% of the company’s stock.

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.