Office Properties Income Trust (NASDAQ: OPI) is -65.59% lower on its value in year-to-date trading and has touched a low of $0.32 and a high of $3.02 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 $0.41 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $0.34, the stock is -6.33% and -41.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing -16.10% at the moment leaves the stock -75.67% off its SMA200. OPI registered -83.54% loss for a year compared to 6-month loss of -81.60%. The firm has a 50-day simple moving average (SMA 50) of $0.5918 and a 200-day simple moving average (SMA200) of $1.4137.
The stock witnessed a -23.94% gain in the last 1 month and extending the period to 3 months gives it a -61.78%, and is -13.98% 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 10.76% over the week and 11.60% over the month.
Profit margin for the company is -27.19%. Distance from 52-week low is 9.07% and -88.59% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.90%).
138.0 institutions hold shares in Office Properties Income Trust (OPI), with institutional investors hold 53.66% of the company’s shares. The shares outstanding are 69.82M, and float is at 68.52M with Short Float at 6.07%. Institutions hold 52.70% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 4.81 million shares valued at $9.81 million. The investor’s holdings represent 9.8898 of the OPI Shares outstanding. As of 2024-06-30, the second largest holder is CASTLEKNIGHT MANAGEMENT LP with 2.25 million shares valued at $4.59 million to account for 4.6265 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.24 million shares representing 4.603 and valued at over $4.57 million, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 3.7222 of the shares totaling 1.81 million with a market value of $3.69 million.
