Office Properties Income Trust (NASDAQ:OPINL) Shares Down 0.5% – Should You Sell?

Office Properties Income Trust (NASDAQ:OPINL) shares were down 0.5% on Thursday . The company traded as low as $11.02 and last traded at $11.14. Approximately 39,387 shares were traded during mid-day trading, an increase of 33% from the average daily volume of 29,540 shares. The stock had previously closed at $11.20.

Office Properties Income Trust Price Performance

The business has a 50-day simple moving average of $13.66 and a two-hundred day simple moving average of $11.76.

Office Properties Income Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be given a $0.3984 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.59 dividend on an annualized basis and a yield of 14.42%.

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.