Office Properties Income Trust (NASDAQ:OPI) Shares Gap Up – Should You Buy?

Office Properties Income Trust (NASDAQ:OPI) gapped up prior to trading on Tuesday. The stock had previously closed at $12.99, but opened at $13.85. Office Properties Income Trust shares last traded at $14.97, with a volume of 5,064 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Office Properties Income Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Office Properties Income Trust Stock Performance

The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.02 and a current ratio of 1.02. The firm’s 50 day moving average price is $15.24.

Office Properties Income Trust (NASDAQ:OPI) last released its quarterly earnings results on Monday, November 9th. The company reported $0.93 earnings per share (EPS) for the quarter. The company had revenue of $114.17 million during the quarter.

Insider Activity

In other news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the 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 completion of the transaction, the insider 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders sold 200,862 shares of company stock valued at $3,822,375.

About Office Properties Income Trust