Office Properties Income Trust (NASDAQ:OPI) Shares Gap Up – Should You Buy?

Office Properties Income Trust (NASDAQ:OPI)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $15.40, but opened at $15.81. Office Properties Income Trust shares last traded at $15.4550, with a volume of 4,521 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. 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 target for the company. Wall Street Zen upgraded Office Properties Income Trust to a “hold” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings downgraded shares of Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Office Properties Income Trust Price Performance

The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.29. The business has a 50-day moving average price of $17.59.

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

Insider Transactions at Office Properties Income Trust

In other news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $19.03, for a total transaction of $3,344,218.02. Following the completion of the sale, the insider directly owned 3,961,992 shares of the company’s stock, valued at $75,396,707.76. This trade represents a 4.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 365,529 shares of company stock valued at $7,066,249.

About Office Properties Income Trust

Office Properties Income Trust (NASDAQ: OPI) is a real estate investment trust focused on owning, leasing and managing office properties in the United States. Its portfolio has historically included buildings occupied by government entities, corporate tenants and other organizations, with properties located across a range of U.S. markets.

The company generates revenue primarily through rental income from office space. Its properties may include traditional office buildings, headquarters facilities and specialized government-occupied workplaces.