Office Properties Income Trust (NASDAQ:OPI) Hits New 1-Year Low – Time to Sell?

Office Properties Income Trust (NASDAQ:OPI)’s share price reached a new 52-week low on Tuesday. The stock traded as low as $12.81 and last traded at $13.05, with a volume of 38,297 shares changing hands. The stock had previously closed at $13.22.

Analysts Set New Price Targets

Several brokerages have commented on OPI. Odeon Capital Group started coverage on Office Properties Income Trust in a research report on Tuesday, July 7th. They set a “buy” rating and a $27.00 price objective for the company. Wall Street Zen upgraded shares of Office Properties Income Trust to a “hold” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings cut shares of Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Office Properties Income Trust Stock Down 1.3%

The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.29. The firm has a 50 day simple moving average of $16.81.

Office Properties Income Trust (NASDAQ:OPI) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($35.94) earnings per share (EPS) for the quarter. The firm had revenue of $98.47 million during 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 Office Properties Income Trust stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $19.03, for a total value of $3,344,218.02. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 365,529 shares of company stock valued at $7,066,249 over the last three months.

About Office Properties Income Trust

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.