Office Properties Income Trust (NASDAQ:OPINL – Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 20,300 shares, a growth of 407.5% from the February 28th total of 4,000 shares. Based on an average daily volume of 15,000 shares, the days-to-cover ratio is currently 1.4 days.
Office Properties Income Trust Stock Down 2.3 %
Office Properties Income Trust stock opened at $9.07 on Thursday. Office Properties Income Trust has a 12-month low of $9.02 and a 12-month high of $14.90. The firm’s 50-day moving average is $10.95 and its two-hundred day moving average is $12.14.
Office Properties Income Trust Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Saturday, February 15th were given a dividend of $0.3984 per share. The ex-dividend date was Friday, February 14th. This represents a $1.59 dividend on an annualized basis and a yield of 17.57%.
Office Properties Income Trust Company Profile
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 StarĀ® Partner of the Year for the sixth consecutive year.
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