Office Properties Income Trust (NASDAQ:OPI – Get Free Report) shares reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $12.12 and last traded at $12.5040, with a volume of 120,634 shares. The stock had previously closed at $12.12.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on OPI. Wall Street Zen raised Office Properties Income Trust to a “hold” rating in a research report on Sunday, July 12th. 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 on the stock. Finally, Weiss Ratings lowered shares of Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, September 16th. 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 MarketBeat.com, Office Properties Income Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.
Office Properties Income Trust Stock Up 1.7%
The firm’s 50-day moving average is $16.10.
Office Properties Income Trust (NASDAQ:OPI – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($35.94) earnings per share (EPS) for the quarter. The firm had revenue of $98.47 million for the quarter.
Insider Activity at Office Properties Income Trust
In other Office Properties Income Trust news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 365,529 shares of company stock valued at $7,066,249.
Office Properties Income Trust Company Profile
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.
Featured Stories
- Five stocks we like better than Office Properties Income Trust
- Coca-Cola Stock Is Everything AI Isn’t—And That’s Its Biggest Strength
- Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
- Netflix Is Making Big Changes, But Can It Fix What’s Really Hurting Growth?
- Charging Ahead: Solid Power’s Pilot Line Leaves the Lab
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.
-sa-logo-1200x675.png){kind=logo}
