Office Properties Income Trust (NASDAQ:OPI) Stock Jumps 8.3% – Should You Buy?

Office Properties Income Trust (NASDAQ:OPI) rose 8.3% during trading on Thursday. The company traded as high as $14.21 and last traded at $14.3540. Approximately 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded Office Properties Income Trust to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings lowered Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, September 16th. Finally, Odeon Capital Group initiated 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. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Office Properties Income Trust Stock Up 2.1%

The company has a 50 day moving average of $17.14. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.02 and a current ratio of 1.02.

Office Properties Income Trust (NASDAQ:OPI) last posted its quarterly 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.

Insiders Place Their Bets

In related news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the company’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 value of $3,344,218.02. Following the transaction, the insider directly owned 3,961,992 shares of the company’s stock, valued at approximately $75,396,707.76. This represents a 4.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 owned by insiders.

Office Properties Income Trust Company Profile

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.