Key Points
- Redwood Capital Management sold 1,826 OPI shares for $34,694 at an average price of $19.00, reducing its position by 0.04% to 4.16 million shares.
- The major shareholder also sold 167,283 shares in three earlier August transactions, including a 162,254-share sale worth approximately $3.20 million.
- OPI opened at $18.95, while analysts maintain a “Moderate Buy” consensus with an average price target of $27.00; institutional investors own 64.41% of the stock.
Office Properties Income Trust (NASDAQ:OPI - Get Free Report) major shareholder Redwood Capital Management, Ll sold 1,826 shares of the company's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $19.00, for a total transaction of $34,694.00. Following the transaction, the insider owned 4,158,412 shares of the company's stock, valued at approximately $79,009,828. This trade represents a 0.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Redwood Capital Management, Ll also recently made the following trade(s):
- On Wednesday, August 12th, Redwood Capital Management, Ll sold 2,616 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.04, for a total transaction of $49,808.64.
- On Tuesday, August 11th, Redwood Capital Management, Ll sold 2,413 shares of Office Properties Income Trust stock. The stock was sold at an average price of $19.00, for a total value of $45,847.00.
- On Thursday, August 6th, Redwood Capital Management, Ll sold 162,254 shares of Office Properties Income Trust stock. The stock was sold at an average price of $19.71, for a total value of $3,198,026.34.
Office Properties Income Trust Stock Performance
NASDAQ:OPI opened at $18.95 on Friday. Office Properties Income Trust has a 12 month low of $15.14 and a 12 month high of $27.80.
Institutional Trading of Office Properties Income Trust
An institutional investor recently raised its stake in Office Properties Income Trust stock. Jane Street Group LLC raised its holdings in Office Properties Income Trust (NASDAQ:OPI - Free Report) by 290.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 688,815 shares of the company's stock after acquiring an additional 512,368 shares during the period. Jane Street Group LLC owned approximately 0.93% of Office Properties Income Trust worth $170,000 at the end of the most recent quarter. Institutional investors own 64.41% of the company's stock.
Analysts Set New Price Targets
Several analysts recently commented on OPI shares. Odeon Capital Group started coverage on Office Properties Income Trust in a research report on Tuesday, July 7th. They set a "buy" rating and a $27.00 price target 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $27.00.
Read Our Latest Analysis on Office Properties Income Trust
About Office Properties Income Trust
(
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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