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 that occurred on Tuesday, August 11th. The shares were sold at an average price of $19.00, for a total transaction of $45,847.00. Following the completion of the sale, the insider directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major 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 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 stock was 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 stock was sold at an average price of $19.71, for a total transaction of $3,198,026.34.

Office Properties Income Trust Stock Performance

Shares of Office Properties Income Trust stock remained flat at $18.95 on Thursday. 57,636 shares of the stock traded hands, compared to its average volume of 596,809. Office Properties Income Trust has a 12-month low of $15.14 and a 12-month high of $27.80.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Office Properties Income Trust stock. Tidal Investments LLC increased its holdings in Office Properties Income Trust (NASDAQ:OPI) by 308.1% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 122,785 shares of the company’s stock after buying 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 reporting period. 64.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OPI has been the subject of several research analyst reports. Wall Street Zen raised Office Properties Income Trust to a “hold” rating in a research note 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 target price for the company. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the 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 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.