Office Properties price target lowered to $13.50 from $17.00 at B. Riley

B. Riley lowered the firm’s price target on Office Properties to $13.50 from $17.00 and keeps a Buy rating on the shares. Leasing activity remains solid as Office Properties has completed 1.5M sq./ft. of new/renewal leases in 2023 year-to-date, and its pipeline is robust at 2.8M sq./ft., the analyst tells investors in a research note.