Office Properties Income Trust (NASDAQ:OPI) Hits New 1-Year Low - Time to Sell?

Key Points

• Office Properties Income Trust shares hit a new 52-week low, falling to $12.81 before last trading at $13.05, down from the prior close of $13.22.
• Analyst sentiment is mixed: ratings range from Strong Buy to Sell, producing a consensus “Moderate Buy” rating and a $27.00 target price.
• The company reported a quarterly loss of $35.94 per share on $98.47 million in revenue, while insiders sold 365,529 shares worth about $7.1 million over the past three months.

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $12.81 and last traded at $13.05, with a volume of 38,297 shares. The stock had previously closed at $13.22.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Office Properties Income Trust to a "hold" rating in a research report on Sunday, July 12th. Weiss Ratings cut shares of Office Properties Income Trust from a "sell (d)" rating to a "sell (d-)" rating in a report on Wednesday, September 16th. Finally, Odeon Capital Group initiated coverage on Office Properties Income Trust in a research report on Tuesday, July 7th. They issued a "buy" rating and a $27.00 price objective on the stock. One investment 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.com, Office Properties Income Trust has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.

Office Properties Income Trust Stock Down 1.3%

The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.29. The firm's 50 day moving average price is $16.81.

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

Insiders Place Their Bets

In other news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of Office Properties Income Trust stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $19.03, for a total value of $3,344,218.02. Following the sale, the insider directly owned 3,961,992 shares in the company, valued at approximately $75,396,707.76. This trade represents a 4.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 365,529 shares of company stock valued at $7,066,249.

About Office Properties Income Trust

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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