Office Properties Income Trust (NASDAQ:OPINL – Get Free Report) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 4,000 shares, a drop of 38.5% from the February 13th total of 6,500 shares. Based on an average trading volume of 13,700 shares, the short-interest ratio is currently 0.3 days.
Office Properties Income Trust Trading Down 0.1 %
Shares of Office Properties Income Trust stock traded down $0.01 during midday trading on Monday, hitting $9.52. The company had a trading volume of 7,574 shares, compared to its average volume of 22,177. The business’s 50 day simple moving average is $11.36 and its two-hundred day simple moving average is $12.33. Office Properties Income Trust has a 1-year low of $9.39 and a 1-year high of $14.90.
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 $0.3984 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.59 annualized dividend and a yield of 16.74%.
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 Star® Partner of the Year for the sixth consecutive year.
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