Office Properties Income Trust (NASDAQ:OPI) Stock Price Up 8.3% – What’s Next?

Office Properties Income Trust (NASDAQ:OPI) shares were up 8.3% on Thursday. The company traded as high as $14.21 and last traded at $14.3540. 17,963 shares were traded during mid-day trading, a decline of 94% from the average session volume of 294,237 shares. The stock had previously closed at $13.26.

Wall Street Analyst Weigh In

A number of research firms recently commented on OPI. Wall Street Zen raised shares of Office Properties Income Trust to a “hold” rating in a report on Sunday, July 12th. Odeon Capital Group assumed coverage on 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. Finally, Weiss Ratings downgraded Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

Office Properties Income Trust Trading Down 5.1%

The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.29. The business has a 50-day moving average price of $16.93.

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

Insiders Place Their Bets

In other Office Properties Income Trust news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $19.03, for a total transaction of $3,344,218.02. Following the sale, the insider owned 3,961,992 shares of the company’s stock, valued at $75,396,707.76. The trade was a 4.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders have sold 365,529 shares of company stock valued at $7,066,249. 1.77% of the stock is currently owned by insiders.

About Office Properties Income Trust

Office Properties Income Trust (NASDAQ: OPI) is a real estate investment trust focused on owning, leasing and managing office properties in the United States. Its portfolio has historically included buildings occupied by government entities, corporate tenants and other organizations, with properties located across a range of U.S. markets.

The company generates revenue primarily through rental income from office space. Its properties may include traditional office buildings, headquarters facilities and specialized government-occupied workplaces.