Redwood Capital Management, Ll Sells 175,734 Shares of Office Properties Income Trust (NASDAQ:OPI) Stock

Key Points

• Redwood Capital Management sold 175,734 OPI shares at an average price of $19.03, generating approximately $3.34 million. The sale reduced its ownership by 4.25%, leaving it with 3.96 million shares.
• OPI shares fell $1.02 to $17.98, while the stock’s 12-month trading range is $15.14 to $27.80. The company carries substantial leverage, with a debt-to-equity ratio of 3.29.
• Analyst sentiment remains mixed but averages a “Moderate Buy” rating, with a consensus price target of $27.00. Institutional investors and hedge funds own 64.41% of the company, while Tidal Investments recently increased its stake by 308.1%.

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) major shareholder Redwood Capital Management, Ll sold 175,734 shares of the stock in a transaction dated 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 owned 3,961,992 shares of the company's stock, valued at approximately $75,396,707.76. The trade was a 4.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Redwood Capital Management, Ll also recently made the following trade(s):

• On Monday, August 17th, Redwood Capital Management, Ll sold 20,686 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.03, for a total value of $393,654.58.
• On Thursday, August 13th, Redwood Capital Management, Ll sold 1,826 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.00, for a total value of $34,694.00.
• On Wednesday, August 12th, Redwood Capital Management, Ll sold 2,616 shares of Office Properties Income Trust stock. The shares were sold at an average price of $19.04, for a total value of $49,808.64.
• On Tuesday, August 11th, Redwood Capital Management, Ll sold 2,413 shares of Office Properties Income Trust stock. The stock was sold at an average price of $19.00, for a total value of $45,847.00.
• On Thursday, August 6th, Redwood Capital Management, Ll sold 162,254 shares of Office Properties Income Trust stock. The stock was sold at an average price of $19.71, for a total value of $3,198,026.34.

Office Properties Income Trust Price Performance

OPI traded down $1.02 during trading on Wednesday, hitting $17.98. The company's stock had a trading volume of 45,903 shares, compared to its average volume of 125,599. Office Properties Income Trust has a twelve month low of $15.14 and a twelve month high of $27.80. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.02 and a current ratio of 1.02. The business's fifty day simple moving average is $18.71.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of Office Properties Income Trust to a "hold" rating in a research note 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 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $27.00.

Institutional Investors Weigh In On Office Properties Income Trust

A hedge fund recently raised its stake in Office Properties Income Trust stock. Tidal Investments LLC boosted its holdings in Office Properties Income Trust (NASDAQ:OPI - Free Report) by 308.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 122,785 shares of the company's stock after acquiring an additional 92,699 shares during the quarter. Tidal Investments LLC owned 0.17% of Office Properties Income Trust worth $30,000 at the end of the most recent quarter. 64.41% of the stock is currently owned by institutional investors and hedge funds.

About Office Properties Income Trust

Office Properties Income Trust NASDAQ: OPI is a real estate investment trust formed to acquire, own and manage single-tenant, net-leased office properties across the United States. Organized as a Maryland REIT, the company completed its initial public offering in 2020 and trades on the NASDAQ under the ticker “OPI.” Its investment strategy centers on free-standing office buildings leased on long-term, triple-net leases to creditworthy tenants, offering predictable cash flows and limited operational exposure.

The trust’s core activities include sourcing and underwriting acquisitions, overseeing property management and structuring lease agreements that transfer most property expenses to tenants.

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