Office Properties Income Trust (NASDAQ:OPI) Reaches New 1-Year High – Still a Buy?

Office Properties Income Trust (NASDAQ:OPI)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $30.00 and last traded at $30.17, with a volume of 331 shares traded. The stock had previously closed at $30.00.

Office Properties Income Trust Stock Down 38.8%

The company has a debt-to-equity ratio of 2.22, a quick ratio of 2.33 and a current ratio of 2.33. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -3.47 and a beta of 1.71.

Hedge Funds Weigh In On Office Properties Income Trust

An institutional investor recently raised its stake in Office Properties Income Trust stock. Jane Street Group LLC boosted its position in shares of Office Properties Income Trust (NASDAQ:OPI) by 290.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 688,815 shares of the company’s stock after purchasing an additional 512,368 shares during the quarter. Jane Street Group LLC owned about 0.93% of Office Properties Income Trust worth $170,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 64.41% of the company’s stock.

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.