Office Properties Income Trust (NASDAQ:OPI) Hits New 1-Year Low – Here’s What Happened

Office Properties Income Trust (NASDAQ:OPI) reached a new 52-week low during mid-day trading on Monday. The company traded as low as $12.12 and last traded at $12.5040, with a volume of 120,634 shares changing hands. The stock had previously closed at $12.12.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on OPI. Wall Street Zen raised Office Properties Income Trust to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings cut Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, September 16th. Finally, Odeon Capital Group initiated coverage on Office Properties Income Trust in a research note on Tuesday, July 7th. They issued 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $27.00.

Office Properties Income Trust Trading Up 0.6%

The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.02 and a current ratio of 1.02. The business’s 50-day simple moving average is $16.35.

Office Properties Income Trust (NASDAQ:OPI) last posted its earnings results on Wednesday, August 5th. The company reported ($35.94) earnings per share (EPS) for the quarter. The firm had revenue of $98.47 million for the quarter.

Insider Buying and Selling

In other Office Properties Income Trust news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $19.03, for a total value of $3,344,218.02. Following the sale, the insider directly owned 3,961,992 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Insiders sold 365,529 shares of company stock valued at $7,066,249 over the last quarter.

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.