Office Properties Income Trust (NASDAQ:OPI) Stock Falls 8.2% – Should You Sell?

Office Properties Income Trust (NASDAQ:OPI)’s share price traded down 8.2% during trading on Friday. The stock traded as low as $12.42 and last traded at $12.5020. 3,999 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 282,679 shares. The stock had previously closed at $13.62.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on OPI shares. Wall Street Zen upgraded shares of Office Properties Income Trust to a “hold” rating in a research note on Sunday, July 12th. Odeon Capital Group started coverage on shares of Office Properties Income Trust in a research note on Tuesday, July 7th. They set a “buy” rating and a $27.00 price target on the stock. Finally, Weiss Ratings cut shares of Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, September 16th. One 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 has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Office Properties Income Trust Price Performance

The company has a debt-to-equity ratio of 3.29, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50 day simple moving average of $16.49.

Office Properties Income Trust (NASDAQ:OPI) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($35.94) EPS for the quarter. The business had revenue of $98.47 million during the quarter.

Insider Activity

In other news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the firm’s stock in a transaction dated 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 directly owned 3,961,992 shares in the company, valued at $75,396,707.76. This trade represents a 4.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 365,529 shares of company stock valued at $7,066,249 in the last three months. Company insiders own 1.77% of the company’s stock.

Office Properties Income Trust Company Profile

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.