Office Properties Income Trust (NASDAQ:OPI) Major Shareholder Sells $393,654.58 in Stock

Office Properties Income Trust (NASDAQ:OPI) major shareholder Redwood Capital Management, Ll sold 20,686 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $19.03, for a total transaction of $393,654.58. Following the sale, the insider directly owned 4,137,726 shares in the company, valued at $78,740,925.78. This represents a 0.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions 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 transaction of $3,344,218.02.
• On Thursday, August 13th, Redwood Capital Management, Ll sold 1,826 shares of Office Properties Income Trust stock. The shares were 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 stock was sold at an average price of $19.00, for a total transaction 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 Up 0.6%

Shares of OPI opened at $18.17 on Friday. Office Properties Income Trust has a fifty-two week low of $15.14 and a fifty-two week high of $27.80. The company has a fifty day simple moving average of $18.69. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.02 and a quick ratio of 1.02.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Office Properties Income Trust stock. Tidal Investments LLC raised its position in shares of Office Properties Income Trust (NASDAQ:OPI) by 308.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period. 64.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OPI has been the subject of several recent analyst reports. Wall Street Zen upgraded Office Properties Income Trust to a “hold” rating in a report on Sunday, July 12th. 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 objective on the stock. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.00.

About Office Properties Income Trust

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.