Redwood Capital Management, Ll Sells 2,413 Shares of Office Properties Income Trust (NASDAQ:OPI) Stock

Office Properties Income Trust (NASDAQ:OPI) major shareholder Redwood Capital Management, Ll sold 2,413 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $19.00, for a total value of $45,847.00. Following the completion of the sale, the insider directly owned 4,162,854 shares of the company’s stock, valued at $79,094,226. The trade was a 0.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major 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 Thursday, August 13th, Redwood Capital Management, Ll sold 1,826 shares of Office Properties Income Trust stock. The shares were 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 shares were sold at an average price of $19.04, for a total transaction of $49,808.64.
• On Thursday, August 6th, Redwood Capital Management, Ll sold 162,254 shares of Office Properties Income Trust stock. The stock was sold at an average price of $19.71, for a total transaction of $3,198,026.34.

Office Properties Income Trust Price Performance

Shares of NASDAQ OPI opened at $18.99 on Friday. The stock has a fifty day moving average of $18.72. Office Properties Income Trust has a 12 month low of $15.14 and a 12 month high of $27.80.

Institutional Trading of Office Properties Income Trust

A hedge fund recently raised its position in Office Properties Income Trust stock. Jane Street Group LLC lifted its stake in Office Properties Income Trust (NASDAQ:OPI) by 290.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 688,815 shares of the company’s stock after acquiring an additional 512,368 shares during the quarter. Jane Street Group LLC owned 0.93% of Office Properties Income Trust worth $170,000 as of its most recent filing with the Securities & Exchange Commission. 64.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OPI has been the subject of a number of research reports. Odeon Capital Group initiated coverage on shares of 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 research note on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.00.

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.