Net Lease Office Properties (NYSE:NLOP) Sees Significant Growth in Short Interest

Net Lease Office Properties (NYSE:NLOPGet Free Report) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 580,385 shares, a growth of 40.2% from the January 15th total of 413,887 shares. Currently, 3.9% of the company’s stock are sold short. Based on an average trading volume of 496,018 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 496,018 shares, the days-to-cover ratio is currently 1.2 days. Currently, 3.9% of the company’s stock are sold short.

Net Lease Office Properties Trading Up 2.2%

NYSE NLOP opened at $19.87 on Friday. The stock has a market cap of $294.37 million, a P/E ratio of -1.63 and a beta of 0.81. The company’s fifty day simple moving average is $22.00 and its 200-day simple moving average is $27.10. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. Net Lease Office Properties has a 52 week low of $18.45 and a 52 week high of $34.53.

Net Lease Office Properties Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th will be given a $6.75 dividend. Net Lease Office Properties’s payout ratio is currently -2.78%.

Institutional Trading of Net Lease Office Properties

Hedge funds and other institutional investors have recently modified their holdings of the business. Laurel Wealth Advisors LLC lifted its stake in shares of Net Lease Office Properties by 3,157.7% in the second quarter. Laurel Wealth Advisors LLC now owns 847 shares of the company’s stock worth $26,000 after acquiring an additional 821 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Net Lease Office Properties during the 3rd quarter worth approximately $44,000. Jones Financial Companies Lllp raised its position in shares of Net Lease Office Properties by 498.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,407 shares of the company’s stock valued at $44,000 after purchasing an additional 1,172 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Net Lease Office Properties by 66.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,448 shares of the company’s stock valued at $47,000 after buying an additional 580 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Net Lease Office Properties by 198.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,712 shares of the company’s stock worth $56,000 after buying an additional 1,139 shares in the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Net Lease Office Properties in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Net Lease Office Properties has a consensus rating of “Hold” and a consensus target price of $46.00.

Get Our Latest Stock Report on NLOP

Net Lease Office Properties Company Profile

(Get Free Report)

Net Lease Office Properties (NYSE:NLOP) is a real estate investment trust organized to acquire and manage single-tenant office properties subject to long-term net leases. The company seeks to generate stable, contracting cash flows by entering into sale-leaseback transactions and investment-grade lease agreements with corporate tenants. NLOP’s portfolio is intended to provide investors with exposure to a diversified base of office assets while retaining the structural benefits of net lease arrangements.

The REIT’s business model centers on acquiring office buildings that are leased to creditworthy tenants under triple-net leases, whereby the tenant is responsible for property taxes, insurance and maintenance.

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