Office Properties Income Trust (NASDAQ:OPINL) Shares Down 0.6% – Should You Sell?

Office Properties Income Trust (NASDAQ:OPINL)’s share price dropped 0.6% on Monday . The stock traded as low as $12.03 and last traded at $11.95. Approximately 427 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 6,521 shares. The stock had previously closed at $12.02.

Office Properties Income Trust Stock Performance

The business has a 50 day simple moving average of $11.90 and a 200 day simple moving average of $12.25.

Office Properties Income Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Friday, November 15th were issued a dividend of $0.3984 per share. This represents a $1.59 dividend on an annualized basis and a yield of 13.34%. The ex-dividend date of this dividend was Friday, November 15th.

About Office Properties Income Trust

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.