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

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

Office Properties Income Trust Price Performance

The stock has a fifty day moving average price of $13.66 and a two-hundred day moving average price of $11.76.

Office Properties Income Trust Announces Dividend

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

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.