Insider Selling: Office Properties Income Trust (NASDAQ:OPI) Major Shareholder Sells $49,808.64 in Stock

Office Properties Income Trust (NASDAQ:OPIGet Free Report) major shareholder Redwood Capital Management, Ll sold 2,616 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $19.04, for a total value of $49,808.64. Following the completion of the sale, the insider owned 4,160,238 shares of the company’s stock, valued at approximately $79,210,931.52. The trade was a 0.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 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 Thursday, August 13th, Redwood Capital Management, Ll sold 1,826 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.00, for a total value of $34,694.00.
  • 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 stock was sold at an average price of $19.71, for a total transaction of $3,198,026.34.

Office Properties Income Trust Stock Up 0.2%

Office Properties Income Trust stock opened at $18.99 on Friday. Office Properties Income Trust has a 12-month low of $15.14 and a 12-month high of $27.80. The business has a 50 day moving average price of $18.72.

Institutional Trading of Office Properties Income Trust

An institutional investor recently raised its position in Office Properties Income Trust stock. Jane Street Group LLC boosted its stake in shares of Office Properties Income Trust (NASDAQ:OPIFree Report) by 290.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 688,815 shares of the company’s stock after buying an additional 512,368 shares during the period. Jane Street Group LLC owned approximately 0.93% of Office Properties Income Trust worth $170,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 64.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research 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 research report on Tuesday, July 7th. They issued a “buy” rating and a $27.00 price objective on the stock. 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, the company has an average rating of “Moderate Buy” and an average price target of $27.00.

View Our Latest Stock Analysis on Office Properties Income Trust

Office Properties Income Trust Company Profile

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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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