Office Properties Income Trust (NASDAQ:OPI) Shares Gap Up – What’s Next?

Office Properties Income Trust (NASDAQ:OPI) shares gapped up prior to trading on Wednesday. The stock had previously closed at $13.05, but opened at $14.00. Office Properties Income Trust shares last traded at $13.8050, with a volume of 431 shares.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on OPI shares. 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 upgraded Office Properties Income Trust to a “hold” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings cut Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.00.

Office Properties Income Trust Trading Down 1.4%

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 company’s 50-day simple moving average is $16.72.

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

Insiders Place Their Bets

In other Office Properties Income Trust news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $19.03, for a total transaction of $3,344,218.02. Following the completion of the sale, the insider directly owned 3,961,992 shares in the company, valued at $75,396,707.76. This represents a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 365,529 shares of company stock valued at $7,066,249 over the last ninety days.

About Office Properties Income Trust

Office Properties Income Trust (NASDAQ: OPI) is a real estate investment trust that owns and operates office properties in the United States. Its portfolio has historically included buildings leased to government agencies, corporate tenants, and other organizations seeking traditional office space.

The company generates revenue primarily by leasing office space under agreements that may include tenant services and property operating expense reimbursements. Its properties have been located across multiple U.S.