Office Properties Income Trust (NASDAQ:OPI) price on Thursday, August 01, rose 8.84% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.71.
A look at the stock’s price movement, the level at last check in today’s session was $2.49. Turning to its 52-week performance, $8.10 and $1.81 were the 52-week high and 52-week low respectively. Overall, OPI moved 39.69% over the past month.
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Office Properties Income Trust’s market cap currently stands at around $135.93 million. The company has a Forward Dividend ratio of 0.28, with its dividend yield at 10.33%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 123.6M for the company’s revenue for the quarter, with a low and high estimate of 123.6M and 123.6M respectively. The average forecast suggests down to a -7.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 505.27M, representing a -5.30% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OPI is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
OPI’s current price about 13.09% and 18.75% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.47, while 7-day volatility ratio is 6.77% and 6.88% in the 30-day chart. Further, Office Properties Income Trust (OPI) has a beta value of 1.12, and an average true range (ATR) of 0.20.
If we refocus on Office Properties Income Trust (NASDAQ:OPI), historical trading data shows that trading volumes averaged 950.03K over the past 3 months. The company’s latest data on shares outstanding shows there are 50.16 million shares.
The 2.31% of Office Properties Income Trust’s shares are in the hands of company insiders while institutional holders own 65.37% of the company’s shares. Current price change has pushed the stock -62.98% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OPI stock continues to rise going into the next quarter.
