Redwood Capital Management, Ll Sells 1,826 Shares of Office Properties Income Trust (NASDAQ:OPI) Stock

Office Properties Income Trust (NASDAQ:OPI) major shareholder Redwood Capital Management, Ll sold 1,826 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $19.00, for a total transaction of $34,694.00. Following the sale, the insider directly owned 4,158,412 shares of the company’s stock, valued at $79,009,828. The trade was a 0.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more 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 stock was sold at an average price of $19.04, for a total transaction of $49,808.64.
• On Tuesday, August 11th, Redwood Capital Management, Ll sold 2,413 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.00, for a total transaction 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 transaction of $3,198,026.34.

Office Properties Income Trust Stock Up 0.2%

Shares of NASDAQ:OPI opened at $18.99 on Friday. The company’s 50-day moving average price is $18.72. Office Properties Income Trust has a 12 month low of $15.14 and a 12 month high of $27.80.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Odeon Capital Group started coverage on Office Properties Income Trust in a research report on Tuesday, July 7th. They set a “buy” rating and a $27.00 price target for the company. Wall Street Zen upgraded Office Properties Income Trust to a “hold” rating in a 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.