Office Properties Income Trust (NASDAQ:OPI) Shares Gap Down – What’s Next?

by · The Cerbat Gem

Shares of Office Properties Income Trust (NASDAQ:OPI – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $17.73, but opened at $16.85. Office Properties Income Trust shares last traded at $16.83, with a volume of 339 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on OPI. Odeon Capital Group started coverage on shares of Office Properties Income Trust in a research note on Tuesday, July 7th. They issued a “buy” rating and a $27.00 target price for the company. Wall Street Zen raised Office Properties Income Trust to a “hold” rating in a research report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Office Properties Income Trust currently has an average rating of “Moderate Buy” and an average price target of $27.00.

View Our Latest Stock Analysis on OPI

Office Properties Income Trust Stock Performance

The firm has a 50 day moving average price of $18.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.29.

Insiders Place Their Bets

In other Office Properties Income Trust news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the 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 transaction, the insider directly owned 3,961,992 shares of the company’s stock, valued at $75,396,707.76. This trade represents a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 365,529 shares of company stock worth $7,066,249 in the last ninety days.

Hedge Funds Weigh In On Office Properties Income Trust

A hedge fund recently raised its stake in Office Properties Income Trust stock. Tidal Investments LLC raised its position in Office Properties Income Trust (NASDAQ:OPI – Free Report) by 308.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 122,785 shares of the company’s stock after purchasing an additional 92,699 shares during the period. Tidal Investments LLC owned 0.17% of Office Properties Income Trust worth $30,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 64.41% of the company’s stock.

Office Properties Income Trust Company Profile

(Get Free Report)

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.

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