Office Properties Income Trust (NASDAQ:OPI) Sets New 1-Year Low – Time to Sell?

Shares of Office Properties Income Trust (NASDAQ:OPI) hit a new 52-week low on Tuesday. The stock traded as low as $12.81 and last traded at $13.05, with a volume of 38,297 shares trading hands. The stock had previously closed at $13.22.

Analyst Ratings Changes

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

Office Properties Income Trust Trading Down 2.7%

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 has a fifty day moving average of $16.61.

Office Properties Income Trust (NASDAQ:OPI) last posted its quarterly 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 during the quarter.

Insider Activity

In related 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 stock was sold at an average price of $19.03, for a total value of $3,344,218.02. Following the transaction, the insider directly owned 3,961,992 shares in the company, valued at $75,396,707.76. The trade was a 4.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders sold 365,529 shares of company stock valued at $7,066,249. Insiders own 1.77% of the company’s stock.

About Office Properties Income Trust

Office Properties Income Trust (NASDAQ: OPI) is a real estate investment trust that owns and operates office properties in the United States. Its portfolio has historically included buildings leased to government agencies, corporate tenants, and other organizations seeking traditional office space.

The company generates revenue primarily by leasing office space under agreements that may include tenant services and property operating expense reimbursements. Its properties have been located across multiple U.S.