With 0.85 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.48 million shares. During the session, the REIT – Office company that operates in wider Real Estate sector, reached to the highest price of $5.47 whereas the lowest price it dropped to was $5.18. The 52-week range on OPI shows that it touched its highest point at $18.10 and its lowest point at $3.75 during that stretch. It currently has a 1-year price target of $9.25. With its current market cap of 259.40 million, OPI has annualized dividend of $1.30 while the current yield stands at 24.44%. Beta for the stock currently stands at 1.26.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OPI was up-trending over the past week, with a rise of 10.37%, but this was up by 16.03% over a month. Three-month performance dropped to -21.53% while six-month performance fell -19.27%. The stock lost -63.03% in the past year, while it has lost -60.15% so far this year. A look at the trailing 12-month EPS for OPI yields -0.54 with Next year EPS estimates of -1.03. For the next quarter, that number is -0.12. This implies an EPS growth rate of -124.68% for this year and -442.11% for next year.
Float and Shares Shorts:
At present, 48.57 million OPI shares are outstanding with a float of 47.71 million shares on hand for trading. On Oct 30, 2023, short shares totaled 4.74 million, which was 9.71% higher than short shares on Sep 28, 2023. In addition to OPK as the firm’s Opko Health, Inc., OHI serves as its Omega Healthcare Investors, Inc.
Institutional Ownership:
Through their ownership of 81.72% of OPI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 35.77% of OPI, in contrast to 34.94% held by mutual funds. Shares owned by individuals account for 2.22%. As the largest shareholder in OPI with 10.07% of the stake, The Vanguard Group, Inc. holds 4,893,440 shares worth 4,893,440. A second-largest stockholder of OPI, BlackRock Fund Advisors, holds 3,392,146 shares, controlling over 6.98% of the firm’s shares. Invesco Capital Management LLC is the third largest shareholder in OPI, holding 2,074,325 shares or 4.27% stake. With a 4.11% stake in OPI, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 1,995,123 shares are owned by the mutual fund manager. The Invesco KBW Premium Yield Equity, which owns about 3.72% of OPI stock, is the second-largest Mutual Fund holder. It holds 1,805,359 shares valued at 8.11 million. Vanguard Total Stock Market ETF holds 3.13% of the stake in OPI, owning 1,518,403 shares worth 6.82 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OPI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With OPI analysts setting a high price target of $13.50 and a low target of $5.00, the average target price over the next 12 months is $9.25. Based on these targets, OPI could surge 153.76% to reach the target high and fall by -6.02% to reach the target low. Reaching the average price target will result in a growth of 73.87% from current levels.
Summary of Insider Activity:
Insiders traded OPI stock several times over the past three months with 3 Buys and 3 Sells. In these transactions, 45,000 shares were bought while 11,149 shares were sold. The number of buy transactions has increased to 13 while that of sell transactions has risen to 5 over the past year. The total number of shares bought during that period was 80,000 while 15,174 shares were sold.
