Office Properties Income Trust (NASDAQ:OPI) Short Interest Up 1,743.2% in July

Office Properties Income Trust (NASDAQ:OPI) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 145,099 shares, an increase of 1,743.2% from the June 30th total of 7,872 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 786,836 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on OPI shares. Odeon Capital Group began 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. Wall Street Zen upgraded shares of Office Properties Income Trust to a “hold” rating in a research note on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Office Properties Income Trust currently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Institutional Trading of Office Properties Income Trust

An institutional investor recently raised its position in Office Properties Income Trust stock. Jane Street Group LLC increased its holdings in Office Properties Income Trust (NASDAQ:OPI) by 290.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 688,815 shares of the company’s stock after acquiring an additional 512,368 shares during the quarter. Jane Street Group LLC owned approximately 0.93% of Office Properties Income Trust worth $170,000 as of its most recent SEC filing. Institutional investors and hedge funds own 64.41% of the company’s stock.

Office Properties Income Trust Trading Up 1.7%

OPI traded up $0.31 during trading on Friday, hitting $18.37. 18,320 shares of the stock were exchanged, compared to its average volume of 796,562. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $1.36 billion, a P/E ratio of -3.75 and a beta of 1.71. Office Properties Income Trust has a 1 year low of $15.14 and a 1 year high of $27.80.

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.