Office Properties Income Trust [NASDAQ: OPI] loss -0.95% on the last trading session, reaching $7.33 price per share at the time. The company report on September 1, 2023 at 6:51 PM that Blackstone and Airbnb Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600.
S&P Dow Jones Indices (“S&P DJI”) will make the following changes to the S&P 500, S&P 100, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S&P SmallCap 600 are no longer representative of the small-cap market space.
Blackstone Inc. (NYSE:BX) and Airbnb Inc. (NASD:ABNB) will replace Lincoln National Corp. (NYSE:LNC) and Newell Brands Inc. (NASD:NWL) in the S&P 500 respectively, and Lincoln National and Newell Brands will replace UNIQURE N.V. (NASD:QURE) and Universal Insurance Holdings Inc. (NYSE:UVE) respectively in the S&P SmallCap 600.
Office Properties Income Trust represents 48.35 million in outstanding shares, while the company has a total market value of $359.54 million with the latest information. OPI stock price has been found in the range of $7.30 to $7.54.
If compared to the average trading volume of 784.12K shares, OPI reached a trading volume of 432372 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Office Properties Income Trust [OPI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OPI shares is $10.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OPI stock is a recommendation set at 3.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
RBC Capital Mkts have made an estimate for Office Properties Income Trust shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on March 07, 2023.
The Average True Range (ATR) for Office Properties Income Trust is set at 0.31, with the Price to Sales ratio for OPI stock in the period of the last 12 months amounting to 0.68. The Price to Book ratio for the last quarter was 0.27, with the Price to Cash per share for the same quarter was set at 0.51.
Trading performance analysis for OPI stock
Office Properties Income Trust [OPI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.08. With this latest performance, OPI shares dropped by -0.68% in over the last four-week period, additionally sinking by -56.81% over the last 6 months – not to mention a drop of -58.28% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OPI stock in for the last two-week period is set at 49.31, with the RSI for the last a single of trading hit 51.07, and the three-weeks RSI is set at 48.40 for Office Properties Income Trust [OPI]. The present Moving Average for the last 50 days of trading for this stock 7.60, while it was recorded at 7.43 for the last single week of trading, and 11.07 for the last 200 days.
Office Properties Income Trust [OPI]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Office Properties Income Trust [OPI] shares currently have an operating margin of +20.05 and a Gross Margin at +41.32. Office Properties Income Trust’s Net Margin is presently recorded at -1.18.
Return on Total Capital for OPI is now 2.81, given the latest momentum, and Return on Invested Capital for the company is -0.18. Return on Equity for this stock declined to -0.45, with Return on Assets sitting at -0.16. When it comes to the capital structure of this company, Office Properties Income Trust [OPI] has a Total Debt to Total Equity ratio set at 176.50. Additionally, OPI Total Debt to Total Capital is recorded at 63.83, with Total Debt to Total Assets ending up at 61.48. Long-Term Debt to Equity for the company is recorded at 158.83, with the Long-Term Debt to Total Capital now at 57.44.
Receivables Turnover for the company is 5.08 with a Total Asset Turnover recorded at a value of 0.14.
Office Properties Income Trust [OPI]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OPI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Office Properties Income Trust go to 5.00%.
An analysis of Institutional ownership at Office Properties Income Trust [OPI]
The top three institutional holders of OPI stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in OPI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in OPI stock with ownership which is approximately 5.7381%.