Office Properties Income Trust (NASDAQ:OPI) Reaches New 12-Month Low – Here’s Why

Office Properties Income Trust (NASDAQ:OPI)’s share price hit a new 52-week low on Wednesday. The stock traded as low as $14.30 and last traded at $14.41, with a volume of 6,998 shares changing hands. The stock had previously closed at $14.75.

Analysts Set New Price Targets

A number of research firms have commented on OPI. Odeon Capital Group initiated coverage on shares of Office Properties Income Trust in a report on Tuesday, July 7th. They issued a “buy” rating and a $27.00 price objective for the company. Weiss Ratings downgraded Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, September 16th. Finally, Wall Street Zen raised shares of Office Properties Income Trust to a “hold” rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.00.

Office Properties Income Trust Trading Up 5.1%

The company’s fifty day moving average is $17.05. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.29.

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

Insider Transactions at Office Properties Income Trust

In other Office Properties Income Trust 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 transaction of $3,344,218.02. Following the completion of the sale, the insider directly owned 3,961,992 shares in the company, valued at approximately $75,396,707.76. This trade represents a 4.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 365,529 shares of company stock valued at $7,066,249. 1.77% of the stock is currently owned by corporate insiders.

About Office Properties Income Trust

Office Properties Income Trust (NASDAQ: OPI) is a real estate investment trust focused on owning, leasing and managing office properties in the United States. Its portfolio has historically included buildings occupied by government entities, corporate tenants and other organizations, with properties located across a range of U.S. markets.

The company generates revenue primarily through rental income from office space. Its properties may include traditional office buildings, headquarters facilities and specialized government-occupied workplaces.