Office Properties Income Trust (NASDAQ:OPI) Shares Gap Up – Here’s Why

Office Properties Income Trust (NASDAQ:OPI)’s share price gapped up prior to trading on Wednesday. The stock had previously closed at $13.05, but opened at $14.00. Office Properties Income Trust shares last traded at $13.8050, with a volume of 431 shares changing hands.

Wall Street Analyst Weigh In

OPI has been the subject of a number of recent research reports. Weiss Ratings lowered shares of Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, September 16th. Wall Street Zen upgraded Office Properties Income Trust to a “hold” rating in a research note on Sunday, July 12th. Finally, Odeon Capital Group started coverage on Office Properties Income Trust in a research note on Tuesday, July 7th. They issued a “buy” rating and a $27.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Office Properties Income Trust has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Office Properties Income Trust Price Performance

The business has a 50-day moving average price of $16.72. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.02 and a current ratio of 1.02.

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

Insider Buying and Selling 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 owned 3,961,992 shares of the company’s stock, valued at approximately $75,396,707.76. This trade represents a 4.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 365,529 shares of company stock worth $7,066,249.

Office Properties Income Trust Company Profile

Office Properties Income Trust (NASDAQ: OPI) is a real estate investment trust that owns and operates office properties in the United States. Its portfolio has historically included buildings leased to government agencies, corporate tenants, and other organizations seeking traditional office space.

The company generates revenue primarily by leasing office space under agreements that may include tenant services and property operating expense reimbursements. Its properties have been located across multiple U.S.