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

Shares of Office Properties Income Trust (NASDAQ:OPI) gapped down prior to trading on Thursday. The stock had previously closed at $16.50, but opened at $15.21. Office Properties Income Trust shares last traded at $14.79, with a volume of 644 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Office Properties Income Trust Price Performance

The company has a current ratio of 1.68, a quick ratio of 1.02 and a debt-to-equity ratio of 3.48. The firm has a 50-day moving average of $15.17.

Office Properties Income Trust (NASDAQ:OPI) last announced its earnings results on Monday, November 9th. The company reported $0.93 earnings per share (EPS) for the quarter. The company had revenue of $114.17 million for the quarter.

Insider Transactions at Office Properties Income Trust

In related news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the stock in a transaction on 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 transaction, the insider owned 3,961,992 shares of the company’s stock, valued at $75,396,707.76. This represents a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.77% of the company’s stock.

Office Properties Income Trust Company Profile

Office Properties Income Trust (OPI) is a real estate investment trust focused on owning and leasing office properties in the United States. Its properties serve government agencies and private-sector businesses, with tenants using the space for a range of administrative and corporate operations. OPI was formed in 2018 through the combination of Government Properties Income Trust and Select Income REIT. Its portfolio has included office buildings in markets across the country, and the trust’s strategy has centered on leasing office space to a mix of public- and private-sector tenants.