Office Properties Income Trust (NASDAQ:OPI) Hits New 1-Year Low – Here’s What Happened

Office Properties Income Trust (NASDAQ:OPI) hit a new 52-week low during mid-day trading on Monday. The company traded as low as $12.12 and last traded at $12.5040, with a volume of 120,634 shares changing hands. The stock had previously closed at $12.12.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on OPI shares. Odeon Capital Group started coverage on Office Properties Income Trust in a research note on Tuesday, July 7th. They issued a “buy” rating and a $27.00 price objective 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 shares of Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a research note 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Office Properties Income Trust Stock Up 0.6%

The firm’s 50 day moving average is $16.35. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.29.

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

Insider Buying and Selling at Office Properties Income Trust

In other news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the stock in a transaction dated 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 transaction, the insider owned 3,961,992 shares in the company, valued at $75,396,707.76. This trade represents a 4.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 365,529 shares of company stock worth $7,066,249.

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.