Office Properties Income Trust (NASDAQ:OPI) Shares Gap Down – Should You Sell?

Shares of Office Properties Income Trust (NASDAQ:OPI) gapped down before the market opened on Wednesday . The stock had previously closed at $17.73, but opened at $16.85. Office Properties Income Trust shares last traded at $16.83, with a volume of 339 shares.

Wall Street Analysts Forecast Growth

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

Office Properties Income Trust Trading Down 2.5%

The company’s fifty day moving average price is $18.01. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.29.

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

Insider Transactions at Office Properties Income Trust

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 that occurred on Tuesday, August 18th. The stock was sold at an average price of $19.03, for a total transaction of $3,344,218.02. Following the completion of the sale, the insider directly owned 3,961,992 shares of the company’s stock, valued at approximately $75,396,707.76. The trade was a 4.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 365,529 shares of company stock worth $7,066,249. 1.77% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Office Properties Income Trust stock. Jane Street Group LLC lifted its stake in shares of Office Properties Income Trust (NASDAQ:OPI) by 290.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 688,815 shares of the company’s stock after buying an additional 512,368 shares during the period. Jane Street Group LLC owned about 0.93% of Office Properties Income Trust worth $170,000 at the end of the most recent quarter. 64.41% of the stock is currently owned by institutional investors and hedge funds.

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.