Office Properties Income Trust (NASDAQ:OPINL) Trading Down 2.3% – Here’s What Happened

Office Properties Income Trust (NASDAQ:OPINLGet Free Report)’s share price traded down 2.3% on Wednesday . The company traded as low as $2.07 and last traded at $2.15. 16,882 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 21,784 shares. The stock had previously closed at $2.20.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Office Properties Income Trust in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Check Out Our Latest Analysis on Office Properties Income Trust

Office Properties Income Trust Stock Down 2.3%

The firm’s 50 day simple moving average is $3.64 and its 200-day simple moving average is $5.62.

Office Properties Income Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Friday, August 15th were given a $0.3984 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.59 dividend on an annualized basis and a dividend yield of 74.1%.

About Office Properties Income Trust

(Get Free Report)

OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of December 31, 2023, approximately 64% of OPI’s revenues were from investment grade rated tenants. OPI owned 152 properties as of December 31, 2023, with approximately 20.5 million square feet located in 30 states and Washington, DC In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year.

Further Reading

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