Short Interest in Net Lease Office Properties (NYSE:NLOP) Declines By 25.1%

Net Lease Office Properties (NYSE:NLOP) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 246,500 shares, a decrease of 25.1% from the February 13th total of 329,300 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily volume of 137,400 shares, the short-interest ratio is presently 1.8 days.

Net Lease Office Properties Stock Up 1.2 %

NLOP stock traded up $0.37 during trading on Monday, reaching $30.89. 54,969 shares of the stock were exchanged, compared to its average volume of 144,926. The firm’s 50 day moving average is $31.46 and its 200 day moving average is $31.10. Net Lease Office Properties has a twelve month low of $22.16 and a twelve month high of $34.38. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.38. The firm has a market cap of $457.57 million, a P/E ratio of -4.99 and a beta of 0.88.

Net Lease Office Properties (NYSE:NLOP) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($2.42) earnings per share for the quarter. Net Lease Office Properties had a negative return on equity of 30.16% and a negative net margin of 122.90%. The firm had revenue of $27.73 million for the quarter. As a group, research analysts forecast that Net Lease Office Properties will post 2.64 EPS for the current year.

Institutional Trading of Net Lease Office Properties

Institutional investors and hedge funds have recently modified their holdings of the stock. KLP Kapitalforvaltning AS purchased a new stake in shares of Net Lease Office Properties in the fourth quarter worth approximately $76,000. Tower Research Capital LLC TRC increased its position in shares of Net Lease Office Properties by 113.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,515 shares of the company’s stock valued at $78,000 after acquiring an additional 1,339 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Net Lease Office Properties by 12.6% during the third quarter. Daiwa Securities Group Inc. now owns 4,952 shares of the company’s stock valued at $152,000 after acquiring an additional 556 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Net Lease Office Properties during the fourth quarter valued at approximately $161,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Net Lease Office Properties by 9.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company’s stock valued at $166,000 after acquiring an additional 451 shares during the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a “buy” rating and set a $46.00 target price on shares of Net Lease Office Properties in a research report on Thursday, March 6th.

Net Lease Office Properties Company Profile

Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust with a portfolio of 59 high-quality office properties, totaling approximately 8.7 million leasable square feet primarily leased to corporate tenants on a single-tenant net lease basis. The vast majority of the office properties owned by NLOP are located in the U.S., with the balance in Europe.