Office Properties Income Trust (NASDAQ:OPI) Shares Gap Up – Here’s What Happened

Office Properties Income Trust (NASDAQ:OPI)’s share price gapped up prior to trading on Tuesday. The stock had previously closed at $12.99, but opened at $13.85. Office Properties Income Trust shares last traded at $14.97, with a volume of 5,064 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $27.00.

Office Properties Income Trust Price Performance

The company has a debt-to-equity ratio of 3.29, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50-day moving average of $15.24.

Office Properties Income Trust (NASDAQ:OPI) last posted its quarterly earnings results on Monday, November 9th. The company reported $0.93 earnings per share for the quarter. The company had revenue of $114.17 million during 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 business’s stock in a transaction 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. The trade was a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 200,862 shares of company stock valued at $3,822,375 over the last 90 days.

Office Properties Income Trust Company Profile