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.
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.
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.