Office Properties Income Trust (NASDAQ:OPI) Shares Gap Down – Here’s What Happened

Office Properties Income Trust (NASDAQ:OPI) shares gapped down before the market opened on Monday. The stock had previously closed at $13.93, but opened at $13.25. Office Properties Income Trust shares last traded at $13.3410, with a volume of 302 shares.

Analyst Ratings Changes

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

Office Properties Income Trust Stock Down 0.3%

The firm has a 50 day moving average of $16.93. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.29.

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

Insider Buying and Selling

In other Office Properties Income Trust news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the business’s 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 owned 3,961,992 shares of the company’s stock, valued at approximately $75,396,707.76. The trade was a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 365,529 shares of company stock worth $7,066,249 in the last 90 days. Company insiders own 1.77% of the company’s stock.

Office Properties Income Trust Company Profile

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.