Office Properties Income Trust (NASDAQ:OPI) Major Shareholder Sells 2,413 Shares

Key Points

• Redwood Capital Management sold 2,413 OPI shares at an average price of $19.00, for $45,847. After the sale, it still held 4.16 million shares valued at approximately $79.1 million.
• Redwood also sold additional OPI shares in recent transactions, including 162,254 shares on August 6 for about $3.2 million, indicating a broader reduction in its position.
• OPI traded near $18.95, while analysts maintained a “Moderate Buy” consensus with a $27.00 price target; institutional investors own 64.41% of the company.

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) major shareholder Redwood Capital Management, Ll sold 2,413 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $19.00, for a total value of $45,847.00. Following the completion of the transaction, the insider directly owned 4,162,854 shares in the company, valued at approximately $79,094,226. This represents a 0.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 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 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 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 transaction of $3,198,026.34.

Office Properties Income Trust Stock 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 fifty-two week low of $15.14 and a fifty-two week high of $27.80.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OPI. Odeon Capital Group began coverage on shares of Office Properties Income Trust in a report on Tuesday, July 7th. They issued a "buy" rating and a $27.00 price target on the stock. Wall Street Zen raised shares of Office Properties Income Trust to a "hold" rating in a 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.00.

Institutional Investors Weigh In On Office Properties Income Trust

An institutional investor recently raised its position in Office Properties Income Trust stock. Tidal Investments LLC raised its holdings in shares of Office Properties Income Trust (NASDAQ:OPI - Free Report) by 308.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,785 shares of the company's stock after buying an additional 92,699 shares during the quarter. Tidal Investments LLC owned about 0.17% of Office Properties Income Trust worth $30,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 64.41% of the company's stock.

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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