Office Properties Income Trust Target of Unusually High Options Trading (NASDAQ:OPI)

Office Properties Income Trust (NASDAQ:OPI) saw some unusual options trading activity on Friday. Stock traders acquired 11,979 call options on the stock. This represents an increase of approximately 17,013% compared to the average daily volume of 70 call options.

Institutional Investors Weigh In On Office Properties Income Trust

Several institutional investors and hedge funds have recently modified their holdings of OPI. Tidal Investments LLC increased its stake in shares of Office Properties Income Trust by 308.1% in the 2nd quarter. Tidal Investments LLC now owns 122,785 shares of the company’s stock worth $30,000 after acquiring an additional 92,699 shares in the last quarter. Savvy Advisors Inc. purchased a new stake in shares of Office Properties Income Trust during the second quarter valued at $31,000. Tiptree Advisors LLC bought a new position in shares of Office Properties Income Trust during the 4th quarter valued at $49,000. Price T Rowe Associates Inc. MD increased its position in Office Properties Income Trust by 40.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 51,041 shares of the company’s stock valued at $51,000 after acquiring an additional 14,800 shares during the last quarter. Finally, Barclays PLC lifted its position in Office Properties Income Trust by 20.6% during the fourth quarter. Barclays PLC now owns 100,361 shares of the company’s stock valued at $101,000 after purchasing an additional 17,115 shares in the last quarter. 64.41% of the stock is owned by hedge funds and other institutional investors.

Office Properties Income Trust Price Performance

Office Properties Income Trust stock opened at $0.55 on Friday. Office Properties Income Trust has a 52 week low of $0.18 and a 52 week high of $2.44. The business has a 50-day simple moving average of $0.25 and a 200 day simple moving average of $0.35. 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 $40.78 million, a price-to-earnings ratio of -0.11 and a beta of 1.61.

Office Properties Income Trust (NASDAQ:OPI) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.64. Office Properties Income Trust had a negative return on equity of 25.56% and a negative net margin of 62.99%.The business had revenue of $114.50 million for the quarter, compared to the consensus estimate of $110.44 million.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Office Properties Income Trust to a “sell” rating in a report on Saturday.

About Office Properties Income Trust

Office Properties Income Trust is a real estate investment trust. It owns, operates, and leases office buildings to single tenants and multi-tenant buildings. The company was founded on February 17, 2009 and is headquartered in Newton, MA.