Office Properties Income Trust (NASDAQ:OPI) Shares Down 4.5% – Here’s Why

Shares of Office Properties Income Trust (NASDAQ:OPI) were down 4.5% during trading on Tuesday . The company traded as low as $17.85 and last traded at $17.7390. Approximately 11,962 shares changed hands during trading, a decline of 97% from the average session volume of 464,370 shares. The stock had previously closed at $18.57.

Wall Street Analysts Forecast Growth

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

Office Properties Income Trust Trading Down 3.3%

The company’s 50-day moving average price is $18.64. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.02 and a current ratio of 1.02.

Insider Transactions at Office Properties Income Trust

In other Office Properties Income Trust news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of Office Properties Income Trust 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 365,529 shares of company stock worth $7,066,249 in the last three months. Corporate insiders own 1.77% of the company’s stock.

Institutional Investors Weigh In On Office Properties Income Trust

A hedge fund recently raised its stake in Office Properties Income Trust stock. Jane Street Group LLC boosted its stake in shares of Office Properties Income Trust (NASDAQ:OPI) by 290.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 688,815 shares of the company’s stock after acquiring an additional 512,368 shares during the quarter. Jane Street Group LLC owned approximately 0.93% of Office Properties Income Trust worth $170,000 as of its most recent SEC filing. 64.41% of the stock is owned by hedge funds and other institutional investors.

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.