Office Properties Income Trust (NASDAQ:OPI) Stock Price Down 4.5% – Here’s Why

Office Properties Income Trust (NASDAQ:OPI)’s share price traded down 4.5% during mid-day trading on Tuesday . The company traded as low as $17.85 and last traded at $17.7390. Approximately 11,962 shares traded hands during trading, a decline of 97% from the average daily volume of 464,370 shares. The stock had previously closed at $18.57.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wall Street Zen raised 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 issued a “buy” rating and a $27.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $27.00.

Office Properties Income Trust Stock Down 2.7%

The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.29. The business’s 50 day simple moving average is $18.68.

Insider Activity at Office Properties Income Trust

In related news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of Office Properties Income Trust 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 owned 3,961,992 shares of the company’s stock, valued at approximately $75,396,707.76. The trade was a 4.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 365,529 shares of company stock worth $7,066,249.

Institutional Investors 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 position in Office Properties Income Trust (NASDAQ:OPI) by 290.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 688,815 shares of the company’s stock after purchasing an additional 512,368 shares during the quarter. Jane Street Group LLC owned about 0.93% of Office Properties Income Trust worth $170,000 as of its most recent SEC filing. 64.41% of the stock is currently owned by institutional investors and hedge funds.

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.