Redwood Capital Management, Ll Sells 162,254 Shares of Office Properties Income Trust (NASDAQ:OPI) Stock

Office Properties Income Trust (NASDAQ:OPI) major shareholder Redwood Capital Management, Ll sold 162,254 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $19.71, for a total transaction of $3,198,026.34. Following the completion of the sale, the insider directly owned 4,165,267 shares of the company’s stock, valued at approximately $82,097,412.57. The trade was a 3.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Office Properties Income Trust Stock Performance

Shares of Office Properties Income Trust stock opened at $19.05 on Friday. Office Properties Income Trust has a twelve month low of $15.14 and a twelve month high of $27.80.

Wall Street Analysts Forecast Growth

OPI has been the subject of several recent research reports. Odeon Capital Group started coverage on Office Properties Income Trust in a research note on Tuesday, July 7th. They issued a “buy” rating and a $27.00 price target for the company. Wall Street Zen raised Office Properties Income Trust to a “hold” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Institutional Investors Weigh In On Office Properties Income Trust

An institutional investor recently raised its stake in Office Properties Income Trust stock. Jane Street Group LLC boosted its stake in shares of Office Properties Income Trust (NASDAQ:OPI) by 290.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 688,815 shares of the company’s stock after buying an additional 512,368 shares during the quarter. Jane Street Group LLC owned approximately 0.93% of Office Properties Income Trust worth $170,000 as of its most recent SEC filing. 64.41% of the stock is owned by institutional investors.

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.