Office Properties Income Trust (NASDAQ: OPI) Loses -78.07% From High. Why That Could Change?

Currently, there are 55.78M common shares owned by the public and among those 54.44M shares have been available to trade.

The company’s stock has a 5-day price change of 36.36% and -30.96% over the past three months. OPI shares are trading -77.46% year to date (YTD), with the 12-month market performance down to -68.51% lower. It has a 12-month low price of $1.05 and touched a high of $7.53 over the same period. OPI has an average intraday trading volume of 853.51K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 19.74%, -7.67%, and -24.35% respectively.

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Institutional ownership of Office Properties Income Trust (NASDAQ: OPI) shares accounts for 44.96% of the company’s 55.78M shares outstanding.

It has a market capitalization of $92.04M and a beta (3y monthly) value of 1.08. The earnings-per-share (ttm) stands at -$0.46. The company has a debt-to-equity ratio at 2.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 17.87% over the week and 10.78% over the month.

Earnings per share for the fiscal year are expected to decrease by -24.55%, and -96.25% over the next financial year. EPS should grow at an annualized rate of 5.00% over the next five years, compared to -58.38% over the past 5-year period.

Looking at the support for the OPI, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Underperform rating for the stock in a research note on March 07, 2023, with the firm’s price target at $16-$14. Morgan Stanley was of a view on December 13, 2019 that the stock is Underweight, while RBC Capital Mkts gave the stock Sector Perform rating on June 28, 2019, issuing a price target of $27. Jefferies on their part issued Hold rating on May 08, 2019.

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