Office Properties Income Trust (OPI) Stock: Evaluating the Market Performance

The price-to-earnings ratio for Office Properties Income Trust (NASDAQ: OPI) is 7.97x, which is above its average ratio. Moreover, the 36-month beta value for OPI is 1.13. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 1 as “sell.”

The public float for OPI is 49.12M and currently, short sellers hold a 11.43% of that float. On September 02, 2024, OPI’s average trading volume was 730.54K shares.

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OPI) stock’s latest price update

The stock price of Office Properties Income Trust (NASDAQ: OPI) has dropped by -1.79 compared to previous close of 2.24. Despite this, the company has seen a fall of -9.47% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-05 that Office Properties Income Trust is facing a $500 million bond maturity in February. Second quarter results show revenue down 7%, net income impacted by gains on debt extinguishment and losses on real estate. Concerns about cash flow generation, leasing outlook, upcoming lease expirations, and debt repayment challenges raise doubts about the company’s future.

OPI’s Market Performance

Office Properties Income Trust (OPI) has experienced a -9.47% fall in stock performance for the past week, with a -17.60% drop in the past month, and a -3.93% drop in the past quarter. The volatility ratio for the week is 3.64%, and the volatility levels for the past 30 days are at 5.42% for OPI. The simple moving average for the past 20 days is -3.21% for OPI’s stock, with a -32.02% simple moving average for the past 200 days.

Analysts’ Opinion of OPI

Many brokerage firms have already submitted their reports for OPI stocks, with RBC Capital Mkts repeating the rating for OPI by listing it as a “Underperform.” The predicted price for OPI in the upcoming period, according to RBC Capital Mkts is $14 based on the research report published on March 07, 2023 of the previous year 2023.

OPI Trading at -4.54% from the 50-Day Moving Average

After a stumble in the market that brought OPI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -71.39% of loss for the given period.

Volatility was left at 5.42%, however, over the last 30 days, the volatility rate increased by 3.64%, as shares sank -9.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.17% lower at present.

During the last 5 trading sessions, OPI fell by -9.47%, which changed the moving average for the period of 200-days by -54.07% in comparison to the 20-day moving average, which settled at $2.26. In addition, Office Properties Income Trust saw -69.95% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for OPI

Current profitability levels for the company are sitting at:

  • 0.62 for the present operating margin
  • 0.65 for the gross margin

The net margin for Office Properties Income Trust stands at 0.03. The total capital return value is set at 0.09. Equity return is now at value 1.03, with 0.35 for asset returns.

Based on Office Properties Income Trust (OPI), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 1.74. The interest coverage ratio of the stock is 2.47.

Currently, EBITDA for the company is 312.37 million with net debt to EBITDA at 7.43. When we switch over and look at the enterprise to sales, we see a ratio of 4.52. The receivables turnover for the company is 3.77for trailing twelve months and the total asset turnover is 0.14.

Conclusion

To wrap up, the performance of Office Properties Income Trust (OPI) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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