Office Properties Income Trust (NASDAQ:OPI) Stock Price Breaks Above Fifty Day Moving Average – Here’s What Happened

Shares of Office Properties Income Trust (NASDAQ:OPI – Get Free Report) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $15.21 and traded as high as $16.73. Office Properties Income Trust shares last traded at $16.50, with a volume of 136,772 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut 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 equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

Get Our Latest Stock Analysis on Office Properties Income Trust

Office Properties Income Trust Price Performance

The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.29. The business has a 50-day moving average of $15.21.

Office Properties Income Trust (NASDAQ:OPI – Get Free Report) last posted its earnings results on Monday, November 9th. The company reported $0.93 earnings per share (EPS) for the quarter. The business had revenue of $114.17 million for the quarter.

Insider Buying and Selling at Office Properties Income Trust

In related news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was 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 of the company’s stock, valued at approximately $75,396,707.76. This trade represents a 4.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 198,246 shares of company stock worth $3,772,567.

About Office Properties Income Trust

(Get Free Report)

Office Properties Income Trust (OPI) is a real estate investment trust focused on owning and leasing office properties in the United States. Its properties serve government agencies and private-sector businesses, with tenants using the space for a range of administrative and corporate operations. OPI was formed in 2018 through the combination of Government Properties Income Trust and Select Income REIT. Its portfolio has included office buildings in markets across the country, and the trust’s strategy has centered on leasing office space to a mix of public- and private-sector tenants.

Further Reading

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