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

Office Properties Income Trust (NASDAQ:OPI) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 90,521 shares, a decline of 37.6% from the July 15th total of 145,099 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 877,401 shares, the days-to-cover ratio is currently 0.1 days.

Office Properties Income Trust Price Performance

OPI stock remained flat at $19.00 during trading on Tuesday. 485,398 shares of the company traded hands, compared to its average volume of 518,020. The firm’s 50 day moving average price is $18.72. Office Properties Income Trust has a 1 year low of $15.14 and a 1 year high of $27.80. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.29.

Insider Activity at Office Properties Income Trust

In other news, major shareholder Redwood Capital Management, Ll sold 1,826 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $19.00, for a total transaction of $34,694.00. Following the sale, the insider owned 4,158,412 shares in the company, valued at approximately $79,009,828. This represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 169,109 shares of company stock worth $3,328,376 in the last quarter.

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 boosted its position in Office Properties Income Trust (NASDAQ:OPI) by 290.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 688,815 shares of the company’s stock after acquiring an additional 512,368 shares during the period. Jane Street Group LLC owned 0.93% of Office Properties Income Trust worth $170,000 at the end of the most recent quarter. Institutional investors own 64.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on OPI shares. Odeon Capital Group started coverage on Office Properties Income Trust in a report on Tuesday, July 7th. They issued a “buy” rating and a $27.00 price target for the company. Wall Street Zen raised shares of Office Properties Income Trust to a “hold” rating in a report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Office Properties Income Trust has an average rating of “Moderate Buy” and an average target price of $27.00.

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.