Office Properties Income Trust (NASDAQ:OPI) price on current trading day, fall -0.97% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.05.
A look at the stock’s price movement, the close in the last trading session was $2.07, moving within a range at $2.03 and $2.09. The beta value (5-Year monthly) was 1.118 while the PE ratio in trailing twelve months stood at 7.43. Turning to its 52-week performance, $7.53 and $1.81 were the 52-week high and 52-week low respectively. Overall, OPI moved -3.76% over the past month.
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Office Properties Income Trust’s market cap currently stands at around $109.35 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Oct-30. The company has a Forward Dividend ratio of 0.28, with its dividend yield at 13.66%. 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 120.12M for the company’s revenue for the quarter, with a low and high estimate of 120.12M and 120.12M respectively. The average forecast suggests down to a -9.90% 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 501M, representing a -6.10% 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 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend OPI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 1.49, with OPI’s current price about -4.74% and -9.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.93, while 7-day volatility ratio is 3.13% and 4.61% in the 30-day chart. Further, Office Properties Income Trust (OPI) has a beta value of 1.11, and an average true range (ATR) of 0.10.
If we refocus on Office Properties Income Trust (NASDAQ:OPI), historical trading data shows that trading volumes averaged 0.89 over the past 10 days and 588.78K over the past 3 months. The company’s latest data on shares outstanding shows there are 53.34 million shares.
The 2.56% of Office Properties Income Trust’s shares are in the hands of company insiders while institutional holders own 51.22% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.67 million on 2024-09-13, giving us a short ratio of 11.64. The data shows that as of 2024-09-13 short interest in Office Properties Income Trust (OPI) stood at 1198.9999599999999 of shares outstanding, with shares short falling to 5.61 million registered in 2024-08-15. Current price change has pushed the stock -71.99% 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.
