Office Properties Income Trust (NASDAQ:OPI) Reaches New 1-Year Low – Here’s What Happened

Office Properties Income Trust (NASDAQ:OPI) hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $14.30 and last traded at $14.41, with a volume of 6,998 shares traded. The stock had previously closed at $14.75.

Wall Street Analysts Forecast Growth

OPI has been the subject of several research reports. Odeon Capital Group assumed coverage on shares of Office Properties Income Trust in a research report on Tuesday, July 7th. They issued a “buy” rating and a $27.00 price objective for the company. Wall Street Zen raised Office Properties Income Trust to a “hold” rating in a report on Sunday, July 12th. Finally, Weiss Ratings lowered Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Office Properties Income Trust presently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Office Properties Income Trust Trading Down 4.7%

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 business has a fifty day moving average price of $17.26.

Office Properties Income Trust (NASDAQ:OPI) last released its earnings results on Wednesday, August 5th. The company reported ($35.94) earnings per share (EPS) for the quarter. The business had revenue of $98.47 million for the quarter.

Insider Transactions at Office Properties Income Trust

In other Office Properties Income Trust news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of Office Properties Income Trust stock in a transaction 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 sale, the insider 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 365,529 shares of company stock valued at $7,066,249 over the last quarter.

About Office Properties Income Trust

Office Properties Income Trust (NASDAQ: OPI) is a real estate investment trust focused on owning, leasing and managing office properties in the United States. Its portfolio has historically included buildings occupied by government entities, corporate tenants and other organizations, with properties located across a range of U.S. markets.

The company generates revenue primarily through rental income from office space. Its properties may include traditional office buildings, headquarters facilities and specialized government-occupied workplaces.