Office Properties Income Trust (NASDAQ:OPI) Short Interest Update

Key Points

• OPI short interest fell 37.6% to 90,521 shares as of July 31, representing 0.1% of shares outstanding and only 0.1 days of average trading volume.
• Analyst sentiment is generally positive: OPI has a consensus rating of “Moderate Buy” and an average price target of $27, including a $27 target and “buy” rating from Odeon Capital Group.
• Jane Street Group increased its OPI stake by 290.4% in the second quarter, while insiders sold 169,109 shares worth $3.33 million over the past 90 days; the stock remained at $19.00.

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 90,521 shares, a decrease of 37.6% from the July 15th total of 145,099 shares. Based on an average daily volume of 877,401 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several analysts recently commented on OPI shares. Odeon Capital Group assumed 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 on the stock. Wall Street Zen upgraded Office Properties Income Trust to a "hold" rating in a research note on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

Insider Buying and Selling at Office Properties Income Trust

In other news, major shareholder Redwood Capital Management, Ll sold 1,826 shares of the 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 completion of the transaction, the insider directly owned 4,158,412 shares of the company's stock, valued at approximately $79,009,828. This represents a 0.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 169,109 shares of company stock valued at $3,328,376.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Office Properties Income Trust stock. Jane Street Group LLC increased its holdings in shares of Office Properties Income Trust (NASDAQ:OPI - Free Report) by 290.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 688,815 shares of the company's stock after acquiring an additional 512,368 shares during the period. Jane Street Group LLC owned about 0.93% of Office Properties Income Trust worth $170,000 at the end of the most recent quarter. Institutional investors and hedge funds own 64.41% of the company's stock.

Office Properties Income Trust Price Performance

NASDAQ:OPI remained flat at $19.00 on Tuesday. 485,398 shares of the company's stock were exchanged, compared to its average volume of 518,020. Office Properties Income Trust has a 52-week low of $15.14 and a 52-week high of $27.80. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a fifty day moving average price of $18.72.

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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