Office Properties Income Trust (NASDAQ:OPINL) Shares Up 1.6% – Here’s What Happened

Office Properties Income Trust (NASDAQ:OPINL) traded up 1.6% during mid-day trading on Monday . The company traded as high as $12.25 and last traded at $12.25. 6,726 shares were traded during trading, a decline of 76% from the average session volume of 28,229 shares. The stock had previously closed at $12.06.

Office Properties Income Trust Stock Up 1.6 %

The company’s 50 day simple moving average is $12.36 and its 200 day simple moving average is $12.01.

Office Properties Income Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Friday, November 15th were given a $0.3984 dividend. This represents a $1.59 dividend on an annualized basis and a dividend yield of 13.01%. The ex-dividend date was 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.