Net Lease Office Properties (NYSE:NLOP – Get 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
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
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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