Office Properties Income Trust (NASDAQ:OPI) Stock Breaks Above Fifty Day Moving Average – Time to Sell?

Office Properties Income Trust (NASDAQ:OPI)’s share price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $15.21 and traded as high as $16.73. Office Properties Income Trust shares last traded at $16.50, with a volume of 136,772 shares changing hands.

Analysts Set New Price Targets

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

Office Properties Income Trust Trading Down 4.9%

The firm has a 50-day moving average of $15.11. The company has a current ratio of 1.68, a quick ratio of 1.02 and a debt-to-equity ratio of 3.48.

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

Insider Buying and Selling at Office Properties Income Trust

In related 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 transaction, the insider owned 3,961,992 shares of the company’s stock, valued at $75,396,707.76. This trade represents a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.77% of the company’s stock.

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.