Office Properties Income Trust (NASDAQ:OPI) Short Interest Update

Office Properties Income Trust (NASDAQ:OPI) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 90,521 shares, a decrease of 37.6% from the July 15th total of 145,099 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 877,401 shares, the days-to-cover ratio is presently 0.1 days.

Insider Buying and Selling

In other Office Properties Income Trust news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $19.03, for a total value of $3,344,218.02. Following the sale, the insider owned 3,961,992 shares in the company, valued at $75,396,707.76. This trade represents a 4.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 365,529 shares of company stock valued at $7,066,249. 1.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Office Properties Income Trust

An institutional investor recently raised its stake in Office Properties Income Trust stock. Tidal Investments LLC increased its holdings in Office Properties Income Trust (NASDAQ:OPI) by 308.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 122,785 shares of the company’s stock after purchasing an additional 92,699 shares during the quarter. Tidal Investments LLC owned approximately 0.17% of Office Properties Income Trust worth $30,000 at the end of the most recent reporting period. 64.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Office Properties Income Trust Trading Down 5.4%

Shares of NASDAQ OPI opened at $17.98 on Thursday. The firm has a 50 day simple moving average of $18.71. Office Properties Income Trust has a 1 year low of $15.14 and a 1 year high of $27.80. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.02 and a quick ratio of 1.02.

About Office Properties Income Trust

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.