Office Properties Income Trust (NASDAQ:OPI) Major Shareholder Redwood Capital Management, Ll Sells 162,254 Shares of Stock

Office Properties Income Trust (NASDAQ:OPI) major shareholder Redwood Capital Management, Ll sold 162,254 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $19.71, for a total transaction of $3,198,026.34. Following the completion of the transaction, the insider directly owned 4,165,267 shares of the company’s stock, valued at $82,097,412.57. This represents a 3.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Office Properties Income Trust Trading Down 2.0%

NASDAQ:OPI opened at $18.62 on Friday. Office Properties Income Trust has a 52 week low of $15.14 and a 52 week high of $27.80.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on OPI. Wall Street Zen upgraded Office Properties Income Trust to a “hold” rating in a report on Sunday, July 12th. Odeon Capital Group initiated coverage on shares of Office Properties Income Trust in a research note on Tuesday, July 7th. They set a “buy” rating and a $27.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $27.00.

Institutional Investors Weigh In On Office Properties Income Trust

A hedge fund recently raised its stake in Office Properties Income Trust stock. Jane Street Group LLC boosted its holdings in Office Properties Income Trust (NASDAQ:OPI) by 290.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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. Institutional investors own 64.41% of the company’s stock.

About Office Properties Income Trust

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.