Key Points
- Redwood Capital Management sold 175,734 OPI shares at an average price of $19.03, generating $3.34 million. The sale reduced its position by 4.25% to 3.96 million shares, and followed several additional sales earlier in August.
- Office Properties Income Trust shares opened at $17.98, with the stock down 5.4%; it has traded between $15.14 and $27.80 over the past year. The company carries a debt-to-equity ratio of 3.29.
- Institutional investors own 64.41% of OPI, while Tidal Investments increased its stake by 308.1% in the second quarter. Analysts’ consensus rating is “Moderate Buy”, with a $27.00 price target.
Office Properties Income Trust (NASDAQ:OPI - Get Free Report) major shareholder Redwood Capital Management, Ll sold 20,686 shares of the business's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $19.03, for a total transaction of $393,654.58. Following the transaction, the insider owned 4,137,726 shares of the company's stock, valued at approximately $78,740,925.78. This trade represents a 0.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Redwood Capital Management, Ll also recently made the following trade(s):
- On Tuesday, August 18th, Redwood Capital Management, Ll sold 175,734 shares of Office Properties Income Trust stock. The stock was sold at an average price of $19.03, for a total value of $3,344,218.02.
- On Thursday, August 13th, Redwood Capital Management, Ll sold 1,826 shares of Office Properties Income Trust stock. The stock was sold at an average price of $19.00, for a total transaction of $34,694.00.
- 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 shares were 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 transaction of $3,198,026.34.
Office Properties Income Trust Trading Down 5.4%
NASDAQ:OPI opened at $17.98 on Thursday. The business has a fifty day simple moving average of $18.71. Office Properties Income Trust has a 1-year low of $15.14 and a 1-year high of $27.80. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.29.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Office Properties Income Trust stock. Tidal Investments LLC raised its holdings in Office Properties Income Trust (NASDAQ:OPI - Free Report) by 308.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 122,785 shares of the company's stock after purchasing an additional 92,699 shares during the quarter. Tidal Investments LLC owned about 0.17% of Office Properties Income Trust worth $30,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 64.41% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on OPI shares. Odeon Capital Group initiated coverage on shares of Office Properties Income Trust in a research report on Tuesday, July 7th. They set a "buy" rating and a $27.00 price target on the stock. Wall Street Zen upgraded shares of 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, the company has an average rating of "Moderate Buy" and an average price target of $27.00.
Check Out Our Latest Stock Analysis on OPI
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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