Office Properties Income Trust (NASDAQ:OPI) Trading 10.4% Higher – What’s Next?

Office Properties Income Trust (NASDAQ:OPI)’s share price shot up 10.4% on Wednesday . The company traded as high as $18.23 and last traded at $18.01. 8,699 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 23,579 shares. The stock had previously closed at $16.31.

Office Properties Income Trust Stock Performance

The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 2.22. The stock has a market cap of $1.34 billion, a P/E ratio of -3.69 and a beta of 1.71.

Institutional Trading of Office Properties Income Trust

A hedge fund recently raised its position in Office Properties Income Trust stock. Jane Street Group LLC lifted its holdings in shares of Office Properties Income Trust (NASDAQ:OPI) by 290.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 688,815 shares of the company’s stock after buying an additional 512,368 shares during the quarter. Jane Street Group LLC owned approximately 0.93% of Office Properties Income Trust worth $170,000 as of its most recent SEC filing. 64.41% of the stock is currently 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.