Office Properties Income Trust (NASDAQ:OPI – Get Free Report) shares gapped down prior to trading on Friday. The stock had previously closed at $17.59, but opened at $16.53. Office Properties Income Trust shares last traded at $16.8050, with a volume of 1,311 shares trading hands.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Weiss Ratings downgraded Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, September 16th. Wall Street Zen raised Office Properties Income Trust to a “hold” rating in a research report on Sunday, July 12th. Finally, Odeon Capital Group began coverage on Office Properties Income Trust in a research note on Tuesday, July 7th. They set a “buy” rating and a $27.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Office Properties Income Trust currently has an average rating of “Moderate Buy” and an average target price of $27.00.
Check Out Our Latest Stock Analysis on OPI
Office Properties Income Trust Trading Up 0.1%
Office Properties Income Trust (NASDAQ:OPI – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($35.94) EPS for the quarter. The company had revenue of $98.47 million for the quarter.
Insider Activity
In other 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 directly owned 3,961,992 shares in the company, valued at approximately $75,396,707.76. The trade was a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 365,529 shares of company stock valued at $7,066,249 over the last three months. Company insiders own 1.77% of the company’s stock.
Office Properties Income Trust Company Profile
Office Properties Income Trust (NASDAQ: OPI) is a real estate investment trust that owns and leases office properties in the United States. The company generates revenue primarily by renting office space to government entities, government-related organizations and private-sector businesses.
Its portfolio has historically included properties in major metropolitan areas and state capitals, with tenants spanning federal, state and local government agencies, as well as commercial organizations.
Further Reading
- Five stocks we like better than Office Properties Income Trust
- Oracle’s Force Majeure Notice Exposes a Bigger Problem for the AI Build-Out
- Oil May Be Stronger Than It Looks—And Diamondback Is on Sale
- BlackBerry Shifts Gears With Coretura Deal
- NVIDIA’s Next AI Chip Ramp Could Open the Door to Another Major Stock Move
Receive News & Ratings for Office Properties Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Office Properties Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.
