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

Office Properties Income Trust (NASDAQ:OPI) shares gapped up prior to trading on Tuesday. The stock had previously closed at $12.99, but opened at $13.85. Office Properties Income Trust shares last traded at $14.97, with a volume of 5,064 shares traded.

Analyst Upgrades and Downgrades

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

Office Properties Income Trust Stock Down 6.8%

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

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

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 on 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 transaction, the insider owned 3,961,992 shares in the company, valued at approximately $75,396,707.76. The trade was a 4.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.77% of the stock is owned by insiders.

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.