Office Properties Income Trust (NASDAQ:OPI) Shares Gap Down – What’s Next?

Office Properties Income Trust (NASDAQ:OPI)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $16.50, but opened at $15.21. Office Properties Income Trust shares last traded at $14.79, with a volume of 644 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Office Properties Income Trust Trading Down 7.2%

The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.02 and a current ratio of 1.68. The company’s fifty day simple moving average is $15.17.

Office Properties Income Trust (NASDAQ:OPI) last posted its quarterly earnings results on Monday, November 9th. The company reported $0.93 earnings per share for the quarter. The business had revenue of $114.17 million during the quarter.

Insider Activity at Office Properties Income Trust

In other news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the business’s 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. The trade was a 4.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.77% of the company’s stock.

About Office Properties Income Trust

Office Properties Income Trust (OPI) is a real estate investment trust focused on owning and leasing office properties in the United States. Its properties serve government agencies and private-sector businesses, with tenants using the space for a range of administrative and corporate operations. OPI was formed in 2018 through the combination of Government Properties Income Trust and Select Income REIT. Its portfolio has included office buildings in markets across the country, and the trust’s strategy has centered on leasing office space to a mix of public- and private-sector tenants.