Office Properties Income Trust (NASDAQ:OPI) Shares Gap Up – What’s Next?

Office Properties Income Trust (NASDAQ:OPI)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $13.05, but opened at $14.00. Office Properties Income Trust shares last traded at $13.8050, with a volume of 431 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OPI. 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. Wall Street Zen upgraded shares of Office Properties Income Trust to a “hold” rating in a research note on Sunday, July 12th. Finally, Odeon Capital Group initiated coverage on shares of 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. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Office Properties Income Trust Price Performance

The company has a debt-to-equity ratio of 3.29, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s fifty day simple moving average is $16.49.

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

Insider Activity at Office Properties Income Trust

In related news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $19.03, for a total transaction of $3,344,218.02. Following the sale, 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 365,529 shares of company stock valued at $7,066,249 in the last ninety days. 1.77% of the stock is owned by company insiders.

About Office Properties Income Trust

Office Properties Income Trust (NASDAQ: OPI) is a real estate investment trust that owns and operates office properties in the United States. Its portfolio has historically included buildings leased to government agencies, corporate tenants, and other organizations seeking traditional office space.

The company generates revenue primarily by leasing office space under agreements that may include tenant services and property operating expense reimbursements. Its properties have been located across multiple U.S.