Office Properties Income Trust (NASDAQ:OPI) Coverage Initiated at Odeon Capital Group

Odeon Capital Group started coverage on shares of Office Properties Income Trust (NASDAQ:OPI) in a report released on Tuesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $27.00 price target on the stock. Odeon Capital Group’s price target suggests a potential upside of 60.34% from the company’s previous close.

Office Properties Income Trust Stock Performance

NASDAQ:OPI traded up $0.40 during trading hours on Tuesday, reaching $16.84. The stock had a trading volume of 1,039 shares, compared to its average volume of 40,971. 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 12-month low of $15.14 and a 12-month high of $27.80. The company has a market capitalization of $1.25 billion, a P/E ratio of -3.38 and a beta of 1.71.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Office Properties Income Trust stock. Jane Street Group LLC grew its holdings in shares of Office Properties Income Trust (NASDAQ:OPI) by 290.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 688,815 shares of the company’s stock after acquiring an additional 512,368 shares during the quarter. Jane Street Group LLC owned about 0.93% of Office Properties Income Trust worth $170,000 at the end of the most recent quarter. 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.