Office Properties Income Trust (NASDAQ:OPI) Major Shareholder Redwood Capital Management, Ll Sells 2,413 Shares of Stock

Office Properties Income Trust (NASDAQ:OPI) major shareholder Redwood Capital Management, Ll sold 2,413 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $19.00, for a total transaction of $45,847.00. Following the sale, the insider directly owned 4,162,854 shares in the company, valued at $79,094,226. This trade represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, August 13th, Redwood Capital Management, Ll sold 1,826 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.00, for a total transaction of $34,694.00.
• On Wednesday, August 12th, Redwood Capital Management, Ll sold 2,616 shares of Office Properties Income Trust stock. The stock was sold at an average price of $19.04, for a total transaction of $49,808.64.
• On Thursday, August 6th, Redwood Capital Management, Ll sold 162,254 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.71, for a total value of $3,198,026.34.

Office Properties Income Trust Stock Performance

Shares of Office Properties Income Trust stock opened at $18.95 on Friday. Office Properties Income Trust has a twelve month low of $15.14 and a twelve month high of $27.80.

Analysts Set New Price Targets

A number of research analysts have recently 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 shares of Office Properties Income Trust to a “hold” rating in a research report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Hedge Funds Weigh In On Office Properties Income Trust

An institutional investor recently raised its position in Office Properties Income Trust stock. Jane Street Group LLC grew its stake in Office Properties Income Trust (NASDAQ:OPI) by 290.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 688,815 shares of the company’s stock after purchasing an additional 512,368 shares during the period. Jane Street Group LLC owned approximately 0.93% of Office Properties Income Trust worth $170,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 64.41% of the stock is owned by hedge funds and other 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.