Office Properties Income Trust (NASDAQ:OPI) Shares Gap Up – Still a Buy?

Office Properties Income Trust (NASDAQ:OPI) gapped up prior to trading on Wednesday. The stock had previously closed at $15.40, but opened at $15.81. Office Properties Income Trust shares last traded at $15.4550, with a volume of 4,521 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Weiss Ratings downgraded Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, September 16th. Odeon Capital Group began coverage on Office Properties Income Trust in a report on Tuesday, July 7th. They issued a “buy” rating and a $27.00 price target for the company. Finally, Wall Street Zen raised shares of Office Properties Income Trust to a “hold” rating in a research report on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

Office Properties Income Trust Stock Down 3.2%

The stock’s fifty day moving average price is $17.49. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.02 and a quick ratio of 1.02.

Office Properties Income Trust (NASDAQ:OPI) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($35.94) EPS for the quarter. The business had revenue of $98.47 million for the quarter.

Insider Activity at Office Properties Income Trust

In related 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 in the company, valued at $75,396,707.76. This trade represents a 4.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 365,529 shares of company stock valued at $7,066,249 in the last quarter. 1.77% of the stock is currently owned by company insiders.

Office Properties Income Trust Company Profile

Office Properties Income Trust (NASDAQ: OPI) is a real estate investment trust focused on owning, leasing and managing office properties in the United States. Its portfolio has historically included buildings occupied by government entities, corporate tenants and other organizations, with properties located across a range of U.S. markets.

The company generates revenue primarily through rental income from office space. Its properties may include traditional office buildings, headquarters facilities and specialized government-occupied workplaces.