Redwood Capital Management, Ll Sells 2,616 Shares of Office Properties Income Trust (NASDAQ:OPI) Stock

Office Properties Income Trust (NASDAQ:OPI) major shareholder Redwood Capital Management, Ll sold 2,616 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $19.04, for a total value of $49,808.64. Following the completion of the transaction, the insider directly owned 4,160,238 shares in the company, valued at $79,210,931.52. The trade was a 0.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares 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 stock was sold at an average price of $19.00, for a total value of $34,694.00.
• On Tuesday, August 11th, Redwood Capital Management, Ll sold 2,413 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.00, for a total value of $45,847.00.
• 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 value of $3,198,026.34.

Office Properties Income Trust Stock Up 0.2%

Shares of OPI opened at $18.99 on Friday. The company has a fifty day simple moving average of $18.72. Office Properties Income Trust has a 52-week low of $15.14 and a 52-week high of $27.80.

Wall Street Analysts Forecast Growth

OPI has been the subject of a number of research analyst reports. Wall Street Zen raised Office Properties Income Trust to a “hold” rating in a report on Sunday, July 12th. Odeon Capital Group assumed 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 research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Institutional Investors Weigh In On Office Properties Income Trust

An institutional investor recently raised its stake in Office Properties Income Trust stock. Tidal Investments LLC increased its position in shares of Office Properties Income Trust (NASDAQ:OPI) by 308.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,785 shares of the company’s stock after acquiring an additional 92,699 shares during the quarter. Tidal Investments LLC owned about 0.17% of Office Properties Income Trust worth $30,000 at the end of the most recent quarter. 64.41% of the stock is currently owned by hedge funds and other institutional investors.

Office Properties Income Trust Company Profile

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.