Insider Selling: Office Properties Income Trust (NASDAQ:OPI) Major Shareholder Sells 1,826 Shares

Key Points

• Redwood Capital Management sold 1,826 OPI shares at an average price of $19.00, worth $34,694, reducing its ownership by 0.04% to 4.16 million shares.
• The major shareholder has also sold additional OPI shares recently, including 162,254 shares on August 6 for approximately $3.2 million.
• OPI shares were flat at $18.95, while analysts maintained a “Moderate Buy” consensus with a $27.00 average price target; institutional investors own 64.41% of the stock.

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) major shareholder Redwood Capital Management, Ll sold 1,826 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $19.00, for a total value of $34,694.00. Following the sale, the insider directly owned 4,158,412 shares of the company's stock, valued at $79,009,828. This represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Redwood Capital Management, Ll also recently made the following trade(s):

• On Wednesday, August 12th, Redwood Capital Management, Ll sold 2,616 shares of Office Properties Income Trust stock. The stock was sold at an average price of $19.04, for a total value 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 value 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 value of $3,198,026.34.

Office Properties Income Trust Price Performance

Office Properties Income Trust stock remained flat at $18.95 during trading on Thursday. The company had a trading volume of 57,636 shares, compared to its average volume of 596,809. Office Properties Income Trust has a 1-year low of $15.14 and a 1-year high of $27.80.

Analyst Ratings Changes

A number of equities analysts have issued reports on OPI shares. Odeon Capital Group initiated coverage on shares of Office Properties Income Trust in a report on Tuesday, July 7th. They set a "buy" rating and a $27.00 price objective on the stock. Wall Street Zen upgraded shares of Office Properties Income Trust to a "hold" rating in a report on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $27.00.

Hedge Funds Weigh In On Office Properties Income Trust

An institutional investor recently raised its position in Office Properties Income Trust stock. Tidal Investments LLC increased its stake in shares of Office Properties Income Trust (NASDAQ:OPI - Free Report) by 308.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 122,785 shares of the company's stock after buying an additional 92,699 shares during the period. Tidal Investments LLC owned about 0.17% of Office Properties Income Trust worth $30,000 as of its most recent SEC filing. 64.41% of the stock is currently owned by institutional investors and hedge funds.

Office Properties Income Trust Company Profile

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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