Office Properties Income Trust (NASDAQ:OPI) Major Shareholder Redwood Capital Management, Ll Sells 20,686 Shares

Key Points

• Redwood Capital Management sold 20,686 OPI shares at an average price of $19.03, generating $393,654.58 and reducing its position by 0.5% to 4.14 million shares. The shareholder has also reported several larger sales recently.
• Office Properties Income Trust shares fell 5.4% to $17.98, below the $19.03 sale price. The stock has traded between $15.14 and $27.80 over the past year.
• Analyst sentiment remains mixed but averages a “Moderate Buy,” with a $27 price target, while institutional investors and hedge funds own 64.41% of the company.

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) major shareholder Redwood Capital Management, Ll sold 20,686 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $19.03, for a total value of $393,654.58. Following the completion of the transaction, the insider directly owned 4,137,726 shares of the company's stock, valued at approximately $78,740,925.78. The trade was a 0.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

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

• On Tuesday, August 18th, Redwood Capital Management, Ll sold 175,734 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.03, for a total transaction of $3,344,218.02.
• On Thursday, August 13th, Redwood Capital Management, Ll sold 1,826 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.00, for a total value 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 value of $45,847.00.
• On Thursday, August 6th, Redwood Capital Management, Ll sold 162,254 shares of Office Properties Income Trust stock. The stock was sold at an average price of $19.71, for a total value of $3,198,026.34.

Office Properties Income Trust Trading Down 5.4%

NASDAQ OPI traded down $1.02 on Wednesday, hitting $17.98. 45,903 shares of the stock were exchanged, compared to its average volume of 125,599. The business's 50-day moving average price is $18.71. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.02 and a current ratio of 1.02. Office Properties Income Trust has a 52-week low of $15.14 and a 52-week high of $27.80.

Wall Street Analyst Weigh In

Several brokerages recently commented on OPI. Odeon Capital Group initiated coverage on Office Properties Income Trust in a research note on Tuesday, July 7th. They issued a "buy" rating and a $27.00 price target for the company. Wall Street Zen raised shares of Office Properties Income Trust to a "hold" rating in a research report 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $27.00.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Office Properties Income Trust stock. Jane Street Group LLC lifted its position in Office Properties Income Trust (NASDAQ:OPI - Free Report) by 290.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 688,815 shares of the company's stock after purchasing an additional 512,368 shares during the quarter. Jane Street Group LLC owned 0.93% of Office Properties Income Trust worth $170,000 at the end of the most recent reporting period. 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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