Insider Selling: Office Properties Income Trust (NASDAQ:OPI) Major Shareholder Sells $34,694.00 in Stock

Office Properties Income Trust (NASDAQ:OPI) major shareholder Redwood Capital Management, Ll sold 1,826 shares of Office Properties Income Trust stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $19.00, for a total transaction of $34,694.00. Following the completion of the sale, the insider directly owned 4,158,412 shares in the company, valued at $79,009,828. This trade represents a 0.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Redwood Capital Management, Ll also recently made the following trade(s):

• On Wednesday, August 12th, Redwood Capital Management, Ll sold 2,616 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.04, for a total value of $49,808.64.
• On Tuesday, August 11th, Redwood Capital Management, Ll sold 2,413 shares of Office Properties Income Trust stock. The stock was sold at an average price of $19.00, for a total value of $45,847.00.
• On Thursday, August 6th, Redwood Capital Management, Ll sold 162,254 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.71, for a total value of $3,198,026.34.

Office Properties Income Trust Stock Performance

Shares of NASDAQ OPI remained flat at $18.95 during trading on Thursday. The stock had a trading volume of 57,636 shares, compared to its average volume of 596,809. Office Properties Income Trust has a 1 year low of $15.14 and a 1 year high of $27.80.

Institutional Investors Weigh In On Office Properties Income Trust

An institutional investor recently raised its stake in Office Properties Income Trust stock. Tidal Investments LLC grew its position in shares of Office Properties Income Trust (NASDAQ:OPI) by 308.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,785 shares of the company’s stock after purchasing an additional 92,699 shares during the period. Tidal Investments LLC owned about 0.17% of Office Properties Income Trust worth $30,000 at the end of the most recent reporting period. 64.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on OPI. Odeon Capital Group assumed 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 price target on the stock. Wall Street Zen upgraded Office Properties Income Trust to a “hold” rating in a research report on Sunday, July 12th. One investment 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Office Properties Income Trust Company Profile

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.