Office Properties Income Trust (NASDAQ:OPI) Stock Price Up 8.3% – Should You Buy?

Office Properties Income Trust (NASDAQ:OPI – Get Free Report) shares traded up 8.3% on Thursday. The company traded as high as $14.21 and last traded at $14.3540. Approximately 17,963 shares changed hands during trading, a decline of 94% from the average session volume of 294,237 shares. The stock had previously closed at $13.26.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings lowered shares of Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, September 16th. Odeon Capital Group assumed coverage on Office Properties Income Trust in a research report on Tuesday, July 7th. They issued a “buy” rating and a $27.00 target price for the company. Finally, Wall Street Zen upgraded Office Properties Income Trust to a “hold” rating in a research note on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Office Properties Income Trust currently has an average rating of “Moderate Buy” and an average price target of $27.00.

Read Our Latest Stock Analysis on OPI

Office Properties Income Trust Trading Up 2.1%

The firm’s fifty day simple moving average is $17.14. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.29.

Office Properties Income Trust (NASDAQ:OPI – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($35.94) earnings per share (EPS) for the quarter. The company had revenue of $98.47 million for the quarter.

Insider Buying and Selling at Office Properties Income Trust

In other Office Properties Income Trust news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 365,529 shares of company stock worth $7,066,249 over the last ninety days. 1.77% of the stock is currently owned by company insiders.

Office Properties Income Trust Company Profile

(Get Free Report)

Office Properties Income Trust (NASDAQ: OPI) is a real estate investment trust focused on owning, leasing and managing office properties in the United States. Its portfolio has historically included buildings occupied by government entities, corporate tenants and other organizations, with properties located across a range of U.S. markets.

The company generates revenue primarily through rental income from office space. Its properties may include traditional office buildings, headquarters facilities and specialized government-occupied workplaces.

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