Office Properties Income Trust (NASDAQ:OPI) Posts Earnings Results

Office Properties Income Trust (NASDAQ:OPI) announced its earnings results on Monday. The company reported $0.93 EPS for the quarter, reports. The firm had revenue of $114.17 million for the quarter.

Office Properties Income Trust Stock Up 15.2%

Shares of OPI traded up $1.98 during trading hours on Tuesday, reaching $14.97. 5,064 shares of the company traded hands, compared to its average volume of 259,601. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.02 and a current ratio of 1.02. Office Properties Income Trust has a 1-year low of $11.79 and a 1-year high of $27.80. The firm has a fifty day moving average of $15.24.

Insider Activity

In related news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $19.03, for a total transaction of $3,344,218.02. Following the completion of the transaction, the insider owned 3,961,992 shares in the company, valued at approximately $75,396,707.76. The trade was a 4.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 200,862 shares of company stock valued at $3,822,375.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut 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 investment analyst has rated the stock with a Strong Buy rating and one has assigned 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 Company Profile