StockNews.com Downgrades Office Properties Income Trust NASDAQ:OPI to a Sell Rating

Equity research analysts at StockNews.com have revised their rating on shares of Office Properties Income Trust OPI from a 'hold' to a 'sell'. The update to investors and clients was issued on a Saturday, indicating a bearish outlook on the real estate investment trust (REIT) that is known for its portfolio of office and mixed-use properties. This recent downgrade is a critical insight for investors tracking the OPI ticker on the NASDAQ exchange.

Analysts Weigh In on OPI

Other analysts have also provided their take on OPI in recent times. A research note from B. Riley trimmed the price target on OPI from $19.00 to $17.00, nonetheless maintaining a 'buy' rating on the stock. Morgan Stanley, on another hand, has reiterated an 'underweight' rating with a $5.00 price target on OPI, reflecting a more cautious stance towards the Trust's stock.

OPI's Market Performance

On the market front, OPI began trading at $4.82 on the preceding Friday. Office Properties Income Trust sports a market capitalization of approximately $235.02 million. It heralds a PE ratio that stands at -8.93, a P/E/G ratio nestled at 0.11, and a beta of 1.27. With a 50-day simple moving average at $4.90 and a two-hundred-day simple moving average at $6.49, financial ratios depict an intriguing status for the company. OPI boasts a debt-to-equity ratio of 1.97 and both a quick and current ratio of 1.30. The past year has seen the stock fluctuate between a fifty-two week low of $3.75 and a fifty-two week high of $18.10.

Hedge Funds and Institutional Investors in OPI

Institutional players have shown varied interests in OPI. Lindbrook Capital LLC notably increased its shares in the company by a staggering 8,694.7% in the second quarter. Meanwhile, Fifth Third Bancorp FITB, the principal subsidiary of a multifaceted bank holding company headquartered in Cincinnati, Ohio, amplified its holdings in OPI by 378.6%, situating itself firmly as a key institutional investor. Additional transactions include EMC Capital Management doubling its stake and Bessemer Group Inc. initiating a new position in OPI. To date, institutional investors possess 75.42% of the company's shares, indicative of significant institutional faith in its operations.

About Office Properties Income Trust

OPI is renowned as a national REIT that is committed to the acquisition and operation of high-quality office and mixed-use properties across strategically selected growth markets in the United States. As per data from June 30, 2023, a substantial portion, approximately 63%, of OPI's revenues originated from tenants with investment grade ratings. The Trust's portfolio included 155 properties, spanning across 20.8 million square feet in 30 states and Washington, DC As of 2023, OPI had earned accolades as an Energy Star Partner of the Year for six consecutive years—testament to its efficient energy use and sustainability efforts in property management.

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