Office Properties Income Trust (NASDAQ:OPI) Short Interest Update

Office Properties Income Trust (NASDAQ:OPI) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 7,872 shares, an increase of ∞ from the June 15th total of 0 shares. Based on an average daily volume of 27,598 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

Office Properties Income Trust Stock Performance

OPI stock opened at $18.00 on Friday. The firm has a market cap of $1.33 billion, a PE ratio of -3.67 and a beta of 1.71. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.33 and a quick ratio of 2.33. Office Properties Income Trust has a 52 week low of $15.14 and a 52 week high of $27.80.

Analyst Ratings Changes

OPI has been the topic of several research reports. Odean Cap Resea raised shares of Office Properties Income Trust to a “strong-buy” rating in a research report on Tuesday, July 7th. Wall Street Zen raised shares of Office Properties Income Trust to a “hold” rating in a report on Sunday, July 12th. Finally, Odeon Capital Group began coverage on shares of Office Properties Income Trust in a research note on Tuesday, July 7th. They set a “buy” rating and a $27.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Hedge Funds Weigh In On Office Properties Income Trust

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

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.