Office Properties Income Trust (NASDAQ:OPI) Major Shareholder Redwood Capital Management, Ll Sells 2,616 Shares of Stock

Office Properties Income Trust (NASDAQ:OPI) major shareholder Redwood Capital Management, Ll sold 2,616 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $19.04, for a total transaction of $49,808.64. Following the completion of the sale, the insider owned 4,160,238 shares in the company, valued at approximately $79,210,931.52. This trade represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Redwood Capital Management, Ll also recently made the following trade(s):

• On Thursday, August 13th, Redwood Capital Management, Ll sold 1,826 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.00, for a total transaction of $34,694.00.
• On Tuesday, August 11th, Redwood Capital Management, Ll sold 2,413 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.00, for a total transaction of $45,847.00.
• On Thursday, August 6th, Redwood Capital Management, Ll sold 162,254 shares of Office Properties Income Trust stock. The stock was sold at an average price of $19.71, for a total value of $3,198,026.34.

Office Properties Income Trust Stock Performance

Office Properties Income Trust stock remained flat at $18.95 during mid-day trading on Thursday. The company had a trading volume of 57,636 shares, compared to its average volume of 596,809. Office Properties Income Trust has a twelve month low of $15.14 and a twelve month high of $27.80.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Odeon Capital Group assumed coverage on Office Properties Income Trust in a research report on Tuesday, July 7th. They issued a “buy” rating and a $27.00 price objective for the company. Wall Street Zen upgraded Office Properties Income Trust to a “hold” rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Institutional Investors Weigh In On Office Properties Income Trust

A hedge fund recently raised its position in Office Properties Income Trust stock. Jane Street Group LLC lifted its holdings in shares of Office Properties Income Trust (NASDAQ:OPI) by 290.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 688,815 shares of the company’s stock after purchasing an additional 512,368 shares during the period. Jane Street Group LLC owned about 0.93% of Office Properties Income Trust worth $170,000 at the end of the most recent reporting period. Institutional investors own 64.41% of the company’s stock.

Office Properties Income Trust Company Profile

Office Properties Income Trust (NASDAQ: OPI) is a real estate investment trust formed to acquire, own and manage single-tenant, net-leased office properties across the United States. Organized as a Maryland REIT, the company completed its initial public offering in 2020 and trades on the NASDAQ under the ticker “OPI.” Its investment strategy centers on free-standing office buildings leased on long-term, triple-net leases to creditworthy tenants, offering predictable cash flows and limited operational exposure.

The trust’s core activities include sourcing and underwriting acquisitions, overseeing property management and structuring lease agreements that transfer most property expenses to tenants.