Office Properties Income Trust (NASDAQ:OPI) Major Shareholder Sells $34,694.00 in Stock

Office Properties Income Trust (NASDAQ:OPI) major shareholder Redwood Capital Management, Ll sold 1,826 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $19.00, for a total transaction of $34,694.00. Following the sale, the insider directly owned 4,158,412 shares in the company, valued at $79,009,828. This trade represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 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 Tuesday, August 11th, Redwood Capital Management, Ll sold 2,413 shares of Office Properties Income Trust stock. The stock was 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 stock was sold at an average price of $19.71, for a total transaction of $3,198,026.34.

Office Properties Income Trust Trading Up 0.2%

Shares of OPI stock opened at $18.99 on Friday. Office Properties Income Trust has a 52-week low of $15.14 and a 52-week high of $27.80. The firm has a 50-day moving average price of $18.72.

Hedge Funds Weigh In On Office Properties Income Trust

An institutional investor recently raised its position in Office Properties Income Trust stock. Jane Street Group LLC lifted its holdings in Office Properties Income Trust (NASDAQ:OPI) by 290.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 688,815 shares of the company’s stock after acquiring an additional 512,368 shares during the period. Jane Street Group LLC owned approximately 0.93% of Office Properties Income Trust worth $170,000 as of its most recent filing with the SEC. Institutional investors own 64.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wall Street Zen upgraded Office Properties Income Trust to a “hold” rating in a research note on Sunday, July 12th. Odeon Capital Group initiated coverage on Office Properties Income Trust in a report on Tuesday, July 7th. They set a “buy” rating and a $27.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.