Office Properties Income Trust (NASDAQ:OPI) Reaches New 12-Month Low – Should You Sell?

Office Properties Income Trust (NASDAQ:OPI) reached a new 52-week low during trading on Thursday . The company traded as low as $14.64 and last traded at $15.76, with a volume of 74823 shares trading hands. The stock had previously closed at $16.21.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Office Properties Income Trust to a “hold” rating in a research report on Sunday, July 12th. Odeon Capital Group began coverage on Office Properties Income Trust in a report on Tuesday, July 7th. They set a “buy” rating and a $27.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Office Properties Income Trust Stock Performance

The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a 50-day moving average of $18.02.

Office Properties Income Trust (NASDAQ:OPI) last released its earnings results on Wednesday, August 5th. The company reported ($35.94) EPS for the quarter. The company had revenue of $98.47 million during the quarter.

Insider Activity at Office Properties Income Trust

In related news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $19.03, for a total value of $3,344,218.02. Following the transaction, the insider directly owned 3,961,992 shares of the company’s stock, valued at approximately $75,396,707.76. This trade represents a 4.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 365,529 shares of company stock worth $7,066,249. Corporate insiders own 1.77% of the company’s stock.

About Office Properties Income Trust

Office Properties Income Trust (NASDAQ: OPI) is a real estate investment trust that owns and leases office properties in the United States. The company generates revenue primarily by renting office space to government entities, government-related organizations and private-sector businesses.

Its portfolio has historically included properties in major metropolitan areas and state capitals, with tenants spanning federal, state and local government agencies, as well as commercial organizations.