Office Properties Income Trust (NASDAQ:OPI) Hits New 12-Month Low - What's Next?

Key Points

• Office Properties Income Trust shares fell to a new 52-week low of $14.30 during Wednesday trading, below the previous close of $14.75.
• Analyst sentiment is mixed: Odeon Capital initiated coverage with a “buy” rating and a $27 price target, while Weiss Ratings maintained a “sell” stance. MarketBeat lists an overall “Moderate Buy” rating and a $27 average price target.
• The company reported a quarterly loss of $35.94 per share on revenue of $98.47 million, while insiders sold more than 365,000 shares worth approximately $7.1 million over the prior three months.

Shares of Office Properties Income Trust (NASDAQ:OPI - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $14.30 and last traded at $14.41, with a volume of 6,998 shares changing hands. The stock had previously closed at $14.75.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OPI. Wall Street Zen raised shares of Office Properties Income Trust to a "hold" rating in a research note 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 research note on Wednesday, September 16th. Finally, Odeon Capital Group initiated coverage on 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. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Office Properties Income Trust has an average rating of "Moderate Buy" and an average price target of $27.00.

Office Properties Income Trust Price Performance

The stock's 50 day simple moving average is $17.26. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.29.

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

Insider Buying and Selling at Office Properties Income Trust

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 shares were sold at an average price of $19.03, for a total value of $3,344,218.02. Following the completion of the transaction, the insider owned 3,961,992 shares in the company, valued at approximately $75,396,707.76. The trade was a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 365,529 shares of company stock worth $7,066,249 over the last three months.

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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