Office Properties Income Trust (NASDAQ:OPI) Major Shareholder Redwood Capital Management, Ll Sells 175,734 Shares of Stock

Office Properties Income Trust (NASDAQ:OPI) 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 shares were sold at an average price of $19.03, for a total value of $3,344,218.02. Following the completion of the transaction, the insider owned 3,961,992 shares in the company, valued at $75,396,707.76. This represents a 4.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Redwood Capital Management, Ll also recently made the following trade(s):

• On Monday, August 17th, Redwood Capital Management, Ll sold 20,686 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.03, for a total value of $393,654.58.
• On Thursday, August 13th, Redwood Capital Management, Ll sold 1,826 shares of Office Properties Income Trust stock. The stock was sold at an average price of $19.00, for a total value of $34,694.00.
• On Wednesday, August 12th, Redwood Capital Management, Ll sold 2,616 shares of Office Properties Income Trust stock. The stock was sold at an average price of $19.04, for a total value of $49,808.64.
• On Tuesday, August 11th, Redwood Capital Management, Ll sold 2,413 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.00, for a total value of $45,847.00.
• On Thursday, August 6th, Redwood Capital Management, Ll sold 162,254 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.71, for a total value of $3,198,026.34.

Office Properties Income Trust Price Performance

NASDAQ:OPI traded down $1.02 during trading hours on Wednesday, hitting $17.98. 45,903 shares of the company traded hands, compared to its average volume of 125,599. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.29. The business’s 50-day simple moving average is $18.71. Office Properties Income Trust has a one year low of $15.14 and a one year high of $27.80.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Office Properties Income Trust to a “hold” rating in a research report on Sunday, July 12th. Odeon Capital Group assumed coverage on Office Properties Income Trust in a research note on Tuesday, July 7th. They issued a “buy” rating and a $27.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $27.00.

Institutional Investors Weigh In On Office Properties Income Trust

A hedge fund recently raised its position in Office Properties Income Trust stock. Jane Street Group LLC grew its holdings in shares of Office Properties Income Trust (NASDAQ:OPI) by 290.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent quarter. Institutional investors and hedge funds own 64.41% of the company’s stock.

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.