Office Properties Income Trust (NASDAQ:OPI) Major Shareholder Redwood Capital Management, Ll Sells 162,254 Shares

Office Properties Income Trust (NASDAQ:OPI) major shareholder Redwood Capital Management, Ll sold 162,254 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $19.71, for a total transaction of $3,198,026.34. Following the sale, the insider owned 4,165,267 shares of the company’s stock, valued at approximately $82,097,412.57. This represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Office Properties Income Trust Stock Up 2.3%

Shares of OPI opened at $19.05 on Friday. Office Properties Income Trust has a 52 week low of $15.14 and a 52 week high of $27.80.

Institutional Trading of Office Properties Income Trust

A hedge fund recently raised its position in Office Properties Income Trust stock. Tidal Investments LLC grew its holdings in Office Properties Income Trust (NASDAQ:OPI) by 308.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,785 shares of the company’s stock after acquiring an additional 92,699 shares during the period. Tidal Investments LLC owned 0.17% of Office Properties Income Trust worth $30,000 as of its most recent SEC filing. 64.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on OPI. Odeon Capital Group assumed coverage on shares of Office Properties Income Trust in a research note on Tuesday, July 7th. They issued a “buy” rating and a $27.00 price target on the stock. Wall Street Zen raised Office Properties Income Trust to a “hold” rating in a research report on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.