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Office Properties Income Trust (NASDAQ:OPINL – Get Free Report) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 35,100 shares, a decrease of 31.0% from the December 15th total of 50,900 shares. Based on an average daily volume of 41,600 shares, the short-interest […]
For an income investor, experiencing the overnight announcement of a severe dividend cut on one of your stocks can be particularly distressing. Not only does it result in the loss of expected income, but the stock may be trounced as investors quickly head for the exits at the opening bell. This week, an office real estate investment trust (REIT) with a checkered dividend history served as a harsh reminder of the risks associated with yield traps, as a 16% yield evaporated overnight following a b
By Ben Glickman Office Properties Income Trust slashed its dividend by 96%, its second reduction in payout in less than a year as the company faces weaker.