Office Properties Income Trust (NASDAQ:OPI) Shares Gap Up - Time to Buy?

Key Points

• OPI shares opened higher, rising from a prior close of $15.40 to $15.81 before trading at approximately $15.46 on relatively light volume.
• Analyst views are mixed: Odeon Capital initiated coverage with a “buy” rating and a $27 target, while Weiss Ratings maintained a “sell” stance. MarketBeat reports a consensus “Moderate Buy” rating and a $27 target price.
• The company reported a quarterly loss of $35.94 per share on $98.47 million in revenue, while insiders sold roughly 365,529 shares worth $7.1 million over the prior three months.

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) shares gapped up prior to trading on Wednesday. The stock had previously closed at $15.40, but opened at $15.81. Office Properties Income Trust shares last traded at $15.4550, with a volume of 4,521 shares changing hands.

Analyst Upgrades and Downgrades

OPI has been the subject of a number of recent research reports. Odeon Capital Group assumed coverage on Office Properties Income Trust in a report on Tuesday, July 7th. They issued a "buy" rating and a $27.00 target price for the company. Weiss Ratings downgraded shares of Office Properties Income Trust from a "sell (d)" rating to a "sell (d-)" rating in a research report on Wednesday, September 16th. Finally, 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.

Office Properties Income Trust Price Performance

The company's 50-day moving average price is $17.59. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.02 and a quick ratio of 1.02.

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

Insider Transactions at Office Properties Income Trust

In other news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the business's 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 365,529 shares of company stock worth $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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