Office Properties Income Trust (NASDAQ:OPI) Reaches New 12-Month Low - Should You Sell?

Key Points

• Office Properties Income Trust shares fell to a new 52-week low, trading as low as $14.64 before recovering to $15.76, below the prior close of $16.21.
• Analyst sentiment is mixed but leans positive, with a “Moderate Buy” consensus and an average price target of $27.00 versus the current share price.
• The company reported a quarterly loss of $35.94 per share on $98.47 million in revenue, while insiders have sold more than 365,000 shares over the past quarter.

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $14.64 and last traded at $15.76, with a volume of 74823 shares changing hands. The stock had previously closed at $16.21.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wall Street Zen raised Office Properties Income Trust to a "hold" rating in a research report on Sunday, July 12th. Odeon Capital Group started coverage on shares of Office Properties Income Trust in a report on Tuesday, July 7th. They issued a "buy" rating and a $27.00 target price 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 company's stock. Based on data from MarketBeat, Office Properties Income Trust has an average rating of "Moderate Buy" and an average target price of $27.00.

Office Properties Income Trust Price Performance

The company has a debt-to-equity ratio of 3.29, a current ratio of 1.02 and a quick ratio of 1.02. The company's fifty day moving average price is $18.02.

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) last issued its earnings results 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.

Insider Activity at Office Properties Income Trust

In related news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of Office Properties Income Trust stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $19.03, for a total transaction of $3,344,218.02. Following the sale, the insider directly owned 3,961,992 shares in the company, valued at $75,396,707.76. This trade represents a 4.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 365,529 shares of company stock valued at $7,066,249. Company insiders own 1.77% of the company's stock.

About Office Properties Income Trust

Office Properties Income Trust NASDAQ: OPI is a real estate investment trust that owns and leases office properties in the United States. The company generates revenue primarily by renting office space to government entities, government-related organizations and private-sector businesses.

Its portfolio has historically included properties in major metropolitan areas and state capitals, with tenants spanning federal, state and local government agencies, as well as commercial organizations.

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