Insider Selling: Office Properties Income Trust (NASDAQ:OPI) Major Shareholder Sells $45,847.00 in Stock

Office Properties Income Trust (NASDAQ:OPI) major shareholder Redwood Capital Management, Ll sold 2,413 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $19.00, for a total transaction of $45,847.00. Following the completion of the sale, the insider owned 4,162,854 shares in the company, valued at $79,094,226. This represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Redwood Capital Management, Ll also recently made the following trade(s):

• 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 Thursday, August 6th, Redwood Capital Management, Ll sold 162,254 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.71, for a total transaction of $3,198,026.34.

Office Properties Income Trust Stock Performance

OPI stock opened at $18.99 on Friday. Office Properties Income Trust has a twelve month low of $15.14 and a twelve month high of $27.80. The business’s 50-day moving average price is $18.72.

Institutional Trading of Office Properties Income Trust

An institutional investor recently raised its stake in Office Properties Income Trust stock. Jane Street Group LLC raised its stake in Office Properties Income Trust (NASDAQ:OPI) by 290.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 688,815 shares of the company’s stock after acquiring an additional 512,368 shares during the period. Jane Street Group LLC owned about 0.93% of Office Properties Income Trust worth $170,000 as of its most recent SEC filing. Institutional investors own 64.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OPI. Wall Street Zen raised Office Properties Income Trust to a “hold” rating in a report on Sunday, July 12th. 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 target price for the company. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company 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.