Office Properties Income Trust (NASDAQ:OPI) Major Shareholder Redwood Capital Management, Ll Sells 20,686 Shares of Stock

Office Properties Income Trust (NASDAQ:OPI) major shareholder Redwood Capital Management, Ll sold 20,686 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $19.03, for a total value of $393,654.58. Following the completion of the sale, the insider owned 4,137,726 shares in the company, valued at approximately $78,740,925.78. This represents a 0.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, August 18th, Redwood Capital Management, Ll sold 175,734 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.03, for a total value of $3,344,218.02.
• 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 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 value of $49,808.64.
• 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 transaction 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 Trading Down 5.4%

NASDAQ OPI traded down $1.02 during trading hours on Wednesday, hitting $17.98. The company’s stock had a trading volume of 45,903 shares, compared to its average volume of 125,599. Office Properties Income Trust has a twelve month low of $15.14 and a twelve month high of $27.80. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a fifty day moving average of $18.71.

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 holdings in shares of Office Properties Income Trust (NASDAQ:OPI) by 308.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,785 shares of the company’s stock after purchasing an additional 92,699 shares during the period. Tidal Investments LLC owned approximately 0.17% of Office Properties Income Trust worth $30,000 at the end of the most recent quarter. Institutional investors and hedge funds own 64.41% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on OPI. Wall Street Zen upgraded shares of Office Properties Income Trust to a “hold” rating in a research report on Sunday, July 12th. Odeon Capital Group started 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 for the company. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.00.

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.