State Street Amends OPI Stake; Ownership Change as of 12/31/23
Ticker: OPITQ · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1456772
| Field | Detail |
|---|---|
| Company | Office Properties Income Trust (OPITQ) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, real-estate
TL;DR
**State Street updated its OPI ownership, signaling a portfolio adjustment.**
AI Summary
State Street Corp filed an amended SC 13G/A on January 22, 2024, for its holdings in Office Properties Income Trust (OPI). This filing indicates a change in their beneficial ownership as of December 31, 2023. While the specific percentage change isn't detailed in the provided snippet, such amendments typically signal an increase or decrease in a major institutional investor's stake, which can influence market perception and potentially the stock price of OPI.
Why It Matters
This filing matters because State Street Corp is a significant institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in Office Properties Income Trust's future performance.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor and does not inherently indicate high risk, though the underlying change in ownership could be significant.
Analyst Insight
An investor should monitor subsequent filings or news from State Street Corp regarding Office Properties Income Trust to understand the specific change in ownership and its potential implications for OPI's stock performance.
Key Players & Entities
- State Street Corp (company) — the entity filing the SC 13G/A
- Office Properties Income Trust (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event which required the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 EXIT FILING' sections.
Who is the reporting person in this filing?
The reporting person, or the entity that filed this document, is STATE STREET CORP, as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP' section.
What is the subject company whose securities are being reported on?
The subject company is OFFICE PROPERTIES INCOME TRUST, as stated in the 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: OFFICE PROPERTIES INCOME TRUST' section.
What is the CUSIP number for the securities of Office Properties Income Trust?
The CUSIP number for Office Properties Income Trust's securities is 67623C109, as listed under the 'CUSIP NUMBER' section.
What was the date of the event that triggered this filing?
The event that required the filing of this statement occurred on December 31, 2023, as specified in the 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT: 12/31/2023' section.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding OFFICE PROPERTIES INCOME TRUST (OPITQ).