Office Properties Income Trust (NASDAQ: OPI) is -67.49% lower on its value in year-to-date trading and has touched a low of $2.45 and a high of $17.21 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OPI stock was last observed hovering at around $2.47 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $2.38, the stock is -30.06% and -47.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.95 million and changing -3.64% at the moment leaves the stock -59.66% off its SMA200. OPI registered -85.90% loss for a year compared to 6-month loss of -67.84%. The firm has a 50-day simple moving average (SMA 50) of $5.05 and a 200-day simple moving average (SMA200) of $9.86.
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The stock witnessed a -35.33% gain in the last 1 month and extending the period to 3 months gives it a -57.35%, and is -16.49% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.44% over the week and 6.43% over the month.
Profit margin for the company is -13.05%. Distance from 52-week low is -2.96% and -86.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.12%).
Office Properties Income Trust quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $133.77M over the same period.The EPS is expected to grow by 0.36% this year, but quarterly earnings will post -3.70% year-over-year. Quarterly sales are estimated to grow 4.60% in year-over-year returns.
Office Properties Income Trust (OPI) Top Institutional Holders
216 institutions hold shares in Office Properties Income Trust (OPI), with institutional investors hold 66.47% of the company’s shares. The shares outstanding are 48.76M, and float is at 47.72M with Short Float at 10.29%. Institutions hold 65.09% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 8.29 million shares valued at $63.85 million. The investor’s holdings represent 17.07% of the OPI Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 6.77 million shares valued at $52.15 million to account for 13.94% of the shares outstanding. The other top investors are State Street Corporation which holds 2.32 million shares representing 4.77% and valued at over $17.83 million, while Lsv Asset Management holds 4.08% of the shares totaling 1.98 million with a market value of $15.28 million.
Office Properties Income Trust (OPI) Insider Activity
A total of 6 insider transactions have happened at Office Properties Income Trust (OPI) in the last six months, with sales accounting for 3 and purchases happening 3 times.
