Office Properties Income Trust (NASDAQ:OPI) Major Shareholder Redwood Capital Management, Ll Sells 175,734 Shares

Office Properties Income Trust (NASDAQ:OPI) major shareholder Redwood Capital Management, Ll sold 175,734 shares of the business’s stock in a transaction on 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 sale, the insider owned 3,961,992 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Monday, August 17th, Redwood Capital Management, Ll sold 20,686 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.03, for a total value of $393,654.58.
• On Thursday, August 13th, Redwood Capital Management, Ll sold 1,826 shares of Office Properties Income Trust stock. The stock was sold at an average price of $19.00, for a total value of $34,694.00.
• 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 value 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 value of $3,198,026.34.

Office Properties Income Trust Price Performance

NASDAQ OPI opened at $17.98 on Thursday. Office Properties Income Trust has a 1-year low of $15.14 and a 1-year high of $27.80. The firm has a 50-day moving average of $18.71. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.02 and a quick ratio of 1.02.

Analysts Set New Price Targets

OPI has been the topic of several recent analyst reports. Odeon Capital Group initiated coverage on Office Properties Income Trust in a research note on Tuesday, July 7th. They issued 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 research report on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Hedge Funds Weigh In On Office Properties Income Trust

An institutional investor recently raised its stake in Office Properties Income Trust stock. Jane Street Group LLC boosted its stake in shares of Office Properties Income Trust (NASDAQ:OPI) by 290.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 688,815 shares of the company’s stock after purchasing 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 reporting period. Hedge funds and other institutional investors own 64.41% of the company’s stock.

About Office Properties Income Trust

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.