Office Properties Income Trust (NASDAQ:OPINL) Stock Price Down 2.1% – What’s Next?

Office Properties Income Trust (NASDAQ:OPINL)’s stock price traded down 2.1% during trading on Tuesday . The company traded as low as $10.00 and last traded at $10.00. 50,137 shares were traded during mid-day trading, an increase of 360% from the average session volume of 10,890 shares. The stock had previously closed at $10.21.

Office Properties Income Trust Price Performance

The stock’s 50-day moving average is $11.96 and its 200 day moving average is $12.49.

Office Properties Income Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th will be given a dividend of $0.3984 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.59 dividend on an annualized basis and a dividend yield of 15.94%.

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.