Office Properties Income Trust (NASDAQ:OPI) Major Shareholder Redwood Capital Management, Ll Sells 1,826 Shares

Office Properties Income Trust (NASDAQ:OPI) major shareholder Redwood Capital Management, Ll sold 1,826 shares of Office Properties Income Trust stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $19.00, for a total transaction of $34,694.00. Following the transaction, the insider directly owned 4,158,412 shares of the company’s stock, valued at approximately $79,009,828. This trade represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Redwood Capital Management, Ll also recently made the following trade(s):

• On Wednesday, August 12th, Redwood Capital Management, Ll sold 2,616 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.04, for a total transaction of $49,808.64.
• 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 stock was sold at an average price of $19.71, for a total transaction of $3,198,026.34.

Office Properties Income Trust Stock Performance

OPI stock opened at $18.95 on Friday. Office Properties Income Trust has a one year low of $15.14 and a one year high of $27.80.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Odeon Capital Group assumed coverage on Office Properties Income Trust in a research 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 analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Office Properties Income Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Institutional Investors Weigh In On Office Properties Income Trust

An institutional investor recently raised its position in Office Properties Income Trust stock. Tidal Investments LLC increased its stake in Office Properties Income Trust (NASDAQ:OPI) by 308.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 122,785 shares of the company’s stock after acquiring an additional 92,699 shares during the quarter. Tidal Investments LLC owned approximately 0.17% of Office Properties Income Trust worth $30,000 at the end of the most recent reporting period. 64.41% of the stock is owned by institutional investors.

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.