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

Office Properties Income Trust (NASDAQ:OPI) major shareholder Redwood Capital Management, Ll sold 2,616 shares of the stock in a transaction on Wednesday, August 12th. The shares were 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 of the company’s stock, valued at approximately $79,210,931.52. This represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 shares were 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 stock was 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 transaction of $3,198,026.34.

Office Properties Income Trust Price Performance

Shares of NASDAQ OPI opened at $18.95 on Friday. Office Properties Income Trust has a 52 week low of $15.14 and a 52 week high of $27.80.

Wall Street Analyst Weigh In

OPI has been the topic of several recent research reports. Odeon Capital Group started coverage on Office Properties Income Trust in a report on Tuesday, July 7th. They set a “buy” rating and a $27.00 target price on the stock. Wall Street Zen raised Office Properties Income Trust to a “hold” rating in a report on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Office Properties Income Trust currently has an average rating of “Moderate Buy” and an average price target of $27.00.

Hedge Funds Weigh In On Office Properties Income Trust

A hedge fund recently raised its stake in Office Properties Income Trust stock. Jane Street Group LLC grew its position in Office Properties Income Trust (NASDAQ:OPI) by 290.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 688,815 shares of the company’s stock after buying an additional 512,368 shares during the period. Jane Street Group LLC owned 0.93% of Office Properties Income Trust worth $170,000 as of its most recent SEC filing. Institutional investors and hedge funds own 64.41% of the company’s stock.

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.