Office Properties Income Trust (NASDAQ:OPI) Issues Quarterly Earnings Results

Office Properties Income Trust (NASDAQ:OPI) posted its quarterly earnings data on Monday. The company reported $0.93 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $114.17 million for the quarter.

Office Properties Income Trust Trading Up 5.7%

Office Properties Income Trust stock traded up $0.74 during midday trading on Monday, reaching $13.73. The stock had a trading volume of 79,432 shares, compared to its average volume of 259,601. Office Properties Income Trust has a 12 month low of $11.79 and a 12 month high of $27.80. The business has a 50-day moving average of $15.24. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.02 and a current ratio of 1.02.

Insider Buying and Selling

In other Office Properties Income Trust 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 transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 203,275 shares of company stock worth $3,868,222 over the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, September 16th. Wall Street Zen upgraded Office Properties Income Trust to a “hold” rating in a research note on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $27.00.

About Office Properties Income Trust

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.