Redwood Capital Management, Ll Sells 20,686 Shares of Office Properties Income Trust (NASDAQ:OPI) Stock

Office Properties Income Trust (NASDAQ:OPI) major shareholder Redwood Capital Management, Ll sold 20,686 shares of Office Properties Income Trust stock in a transaction on Monday, August 17th. The shares were sold at an average price of $19.03, for a total transaction of $393,654.58. Following the completion of the sale, the insider owned 4,137,726 shares in the company, valued at approximately $78,740,925.78. This trade represents a 0.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large 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 Tuesday, August 18th, Redwood Capital Management, Ll sold 175,734 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.03, for a total transaction of $3,344,218.02.
• On Thursday, August 13th, Redwood Capital Management, Ll sold 1,826 shares of Office Properties Income Trust stock. The stock was sold at an average price of $19.00, for a total transaction of $34,694.00.
• 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 Price Performance

OPI stock opened at $18.06 on Friday. Office Properties Income Trust has a 1 year low of $15.14 and a 1 year high of $27.80. The business has a 50-day moving average of $18.70. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.29.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. 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 on the stock. Wall Street Zen upgraded shares of 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Institutional Trading of Office Properties Income Trust

A hedge fund recently raised its position 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% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 688,815 shares of the company’s stock after buying an additional 512,368 shares during the period. Jane Street Group LLC owned approximately 0.93% of Office Properties Income Trust worth $170,000 at the end of the most recent reporting period. Institutional investors own 64.41% of the company’s stock.

About Office Properties Income Trust

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.