Key Points
- Redwood Capital Management sold 162,254 OPI shares at an average price of $19.71, generating approximately $3.20 million. The sale reduced its stake by 3.75%, leaving it with 4.17 million shares valued at about $82.1 million.
- OPI shares opened at $19.05, compared with a 52-week range of $15.14 to $27.80. Analysts have a consensus “Moderate Buy” rating and an average price target of $27.00.
- Institutional investors own 64.41% of OPI, while Tidal Investments increased its position by 308.1% in the second quarter to 122,785 shares.
Office Properties Income Trust (NASDAQ:OPI - Get Free Report) major shareholder Redwood Capital Management, Ll sold 162,254 shares of the firm's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $19.71, for a total value of $3,198,026.34. Following the transaction, the insider owned 4,165,267 shares in the company, valued at approximately $82,097,412.57. This trade represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Office Properties Income Trust Price Performance
Shares of NASDAQ:OPI opened at $19.05 on Friday. Office Properties Income Trust has a fifty-two week low of $15.14 and a fifty-two week high of $27.80.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on OPI shares. Odeon Capital Group assumed coverage on Office Properties Income Trust in a report on Tuesday, July 7th. They issued a "buy" rating and a $27.00 target price for the company. Wall Street Zen upgraded Office Properties Income Trust to a "hold" rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $27.00.
Get Our Latest Report on Office Properties Income Trust
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Office Properties Income Trust stock. Tidal Investments LLC raised its position in shares of Office Properties Income Trust (NASDAQ:OPI - Free Report) by 308.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,785 shares of the company's stock after acquiring an additional 92,699 shares during the period. Tidal Investments LLC owned approximately 0.17% of Office Properties Income Trust worth $30,000 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
(
Get Free Report)
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.
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