Office Properties Income Trust (NASDAQ:OPI – Get Free Report) major shareholder Redwood Capital Management, Ll sold 175,734 shares of the business’s 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 in the company, valued at approximately $75,396,707.76. The trade was a 4.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Redwood Capital Management, Ll also recently made the following trade(s):
- On Monday, August 17th, Redwood Capital Management, Ll sold 20,686 shares of Office Properties Income Trust stock. The stock was sold at an average price of $19.03, for a total transaction of $393,654.58.
- On Thursday, August 13th, Redwood Capital Management, Ll sold 1,826 shares of Office Properties Income Trust stock. The stock was sold at an average price of $19.00, for a total transaction of $34,694.00.
- On Wednesday, August 12th, Redwood Capital Management, Ll sold 2,616 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.04, for a total transaction of $49,808.64.
- 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 transaction of $45,847.00.
- On Thursday, August 6th, Redwood Capital Management, Ll sold 162,254 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.71, for a total transaction of $3,198,026.34.
Office Properties Income Trust Price Performance
OPI stock opened at $18.06 on Friday. Office Properties Income Trust has a 1 year low of $15.14 and a 1 year high of $27.80. The business has a 50-day moving average of $18.70. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.29.
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Institutional Inflows and Outflows
A hedge fund recently raised its position in Office Properties Income Trust stock. Tidal Investments LLC increased its holdings in shares of Office Properties Income Trust (NASDAQ:OPI – Free Report) by 308.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,785 shares of the company’s stock after acquiring an additional 92,699 shares during the period. Tidal Investments LLC owned approximately 0.17% of Office Properties Income Trust worth $30,000 at the end of the most recent reporting period. 64.41% of the stock is owned by hedge funds and other institutional investors.
About Office Properties Income Trust
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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