Office Properties Income Trust (NASDAQ:OPI) Shares Gap Up – Here’s Why

Shares of Office Properties Income Trust (NASDAQ:OPI) gapped up prior to trading on Monday . The stock had previously closed at $16.50, but opened at $17.31. Office Properties Income Trust shares last traded at $17.0250, with a volume of 2,568 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on OPI shares. Wall Street Zen upgraded Office Properties Income Trust to a “hold” rating in a report on Sunday. Odean Cap Resea upgraded Office Properties Income Trust to a “strong-buy” rating in a report on Tuesday, July 7th. Finally, Odeon Capital Group assumed coverage on shares of Office Properties Income Trust in a research report on Tuesday, July 7th. They issued a “buy” rating and a $27.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Office Properties Income Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Office Properties Income Trust Stock Performance

The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -3.45 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 Inflows and Outflows

An institutional investor recently raised its stake in Office Properties Income Trust stock. Tidal Investments LLC grew its holdings in Office Properties Income Trust (NASDAQ:OPI) by 308.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,785 shares of the company’s stock after acquiring an additional 92,699 shares during the quarter. Tidal Investments LLC owned 0.17% of Office Properties Income Trust worth $30,000 as of its most recent filing with the Securities and Exchange Commission. 64.41% of the stock is currently owned by institutional investors and hedge funds.

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.