Office Properties Income Trust (NASDAQ:OPI) Stock Price Down 8.2% - Should You Sell?

Key Points

• OPI shares fell 8.2% to about $12.50 in midday trading, substantially below the 50-day moving average of $16.49; trading volume was roughly 99% below average.
• Analyst sentiment is mixed: the consensus rating is “Moderate Buy” with a $27.00 price target, although Weiss Ratings downgraded the stock to “sell (d-).”
• The company reported a quarterly loss of $35.94 per share on $98.47 million in revenue, while insiders sold 365,529 shares worth approximately $7.1 million during the quarter.

Office Properties Income Trust (NASDAQ:OPI - Get Free Report)'s stock price fell 8.2% during mid-day trading on Friday. The company traded as low as $12.42 and last traded at $12.5020. 3,999 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 282,679 shares. The stock had previously closed at $13.62.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OPI. Weiss Ratings cut Office Properties Income Trust from a "sell (d)" rating to a "sell (d-)" rating in a research note on Wednesday, September 16th. Wall Street Zen upgraded Office Properties Income Trust to a "hold" rating in a research note on Sunday, July 12th. Finally, Odeon Capital Group began coverage on Office Properties Income Trust in a research note on Tuesday, July 7th. They issued a "buy" rating and a $27.00 target price on the stock. One 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.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.00.

Office Properties Income Trust Stock Down 0.6%

The stock's 50 day moving average is $16.49. The company has a current ratio of 1.02, a quick 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 quarterly earnings results 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.

Insiders Place Their Bets

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

Office Properties Income Trust Company Profile

Office Properties Income Trust NASDAQ: OPI is a real estate investment trust that owns and operates office properties in the United States. Its portfolio has historically included buildings leased to government agencies, corporate tenants, and other organizations seeking traditional office space.

The company generates revenue primarily by leasing office space under agreements that may include tenant services and property operating expense reimbursements. Its properties have been located across multiple U.S.

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