Office Properties Income Trust (NASDAQ:OPI) Stock Short Interest Rises 253.8%

Office Properties Income Trust (NASDAQ:OPI) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 312,985 shares, a growth of 253.8% from the September 15th total of 88,471 shares. Based on an average daily trading volume, of 126,193 shares, the short-interest ratio is presently 2.5 days. Approximately 0.4% of the shares of the company are sold short.

Office Properties Income Trust Trading Down 0.2%

Shares of Office Properties Income Trust stock traded down $0.03 on Tuesday, hitting $15.23. 1,259 shares of the company’s stock were exchanged, compared to its average volume of 300,156. Office Properties Income Trust has a 1 year low of $14.64 and a 1 year high of $27.80. The firm has a 50-day moving average of $17.34. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.02 and a quick ratio of 1.02.

Office Properties Income Trust (NASDAQ:OPI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($35.94) EPS for the quarter. The firm had revenue of $98.47 million during the quarter.

Insider Activity at Office Properties Income Trust

In related news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of Office Properties Income Trust stock in a transaction dated 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 directly owned 3,961,992 shares in the company, valued at approximately $75,396,707.76. This trade represents a 4.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 365,529 shares of company stock worth $7,066,249 over the last 90 days. Company insiders own 1.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OPI. Wall Street Zen raised shares of Office Properties Income Trust to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings downgraded Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, September 16th. Finally, Odeon Capital Group assumed 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 for the company. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to 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 Company Profile

Office Properties Income Trust (NASDAQ: OPI) is a real estate investment trust focused on owning, leasing and managing office properties in the United States. Its portfolio has historically included buildings occupied by government entities, corporate tenants and other organizations, with properties located across a range of U.S. markets.

The company generates revenue primarily through rental income from office space. Its properties may include traditional office buildings, headquarters facilities and specialized government-occupied workplaces.