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Office Properties Income Trust is a United States-based real estate investment trust. Its property portfolio is mainly composed of single-tenant office buildings, as well as multitenant properties, which are leased to parties of high credit quality characteristics. Its largest tenant is the U.S. government, followed by other smaller government entities and corporations. The company's properties are spread across the United States. The company has only one segment which is direct ownership of real estate properties.
Office Props It trades on the NASDAQ stock market under the symbol OPI.
As of April 26, 2024, OPI stock price climbed to $1.99 with 76,386 million shares trading.
OPI has a beta of 2.29, meaning it tends to be more sensitive to market movements. OPI has a correlation of 0.09 to the broad based SPY ETF.
OPI has a market cap of $97.02 million. This is considered a Micro Cap stock.
In the last 3 years, OPI stock traded as high as $31.69 and as low as $1.81.
The top ETF exchange traded funds that OPI belongs to (by Net Assets): VNQ, VTI, FNDA, IWM, VXF.
OPI has underperformed the market in the last year with a price return of -61.7% while the SPY ETF gained +26.9%. OPI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -46.1% and -7.6%, respectively, while the SPY returned +4.5% and -1.8%, respectively.
OPI support price is $1.85 and resistance is $2.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OPI stock will trade within this expected range on the day.