Office Properties Income Trust (NASDAQ:OPI) Stock Price Breaks Above Fifty Day Moving Average – Here’s What Happened

Office Properties Income Trust (NASDAQ:OPI)’s stock price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $15.21 and traded as high as $16.73. Office Properties Income Trust shares last traded at $16.50, with a volume of 136,772 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Office Properties Income Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Office Properties Income Trust Price Performance

The firm has a 50 day moving average price of $15.21. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.29.

Office Properties Income Trust (NASDAQ:OPI) last announced its quarterly earnings data on Monday, November 9th. The company reported $0.93 earnings per share (EPS) for the quarter. The business had revenue of $114.17 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 stock in a transaction that occurred 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 completion of the sale, the insider 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 198,246 shares of company stock valued at $3,772,567 over the last ninety days.

Office Properties Income Trust Company Profile

Office Properties Income Trust (OPI) is a real estate investment trust focused on owning and leasing office properties in the United States. Its properties serve government agencies and private-sector businesses, with tenants using the space for a range of administrative and corporate operations. OPI was formed in 2018 through the combination of Government Properties Income Trust and Select Income REIT. Its portfolio has included office buildings in markets across the country, and the trust’s strategy has centered on leasing office space to a mix of public- and private-sector tenants.