Net Lease Office Properties (NYSE:NLOP) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Net Lease Office Properties (NYSE:NLOP) from a hold rating to a buy rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Net Lease Office Properties in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Net Lease Office Properties has an average rating of “Hold” and an average target price of $46.00.

Net Lease Office Properties Stock Performance

Shares of NLOP stock opened at $13.65 on Friday. The stock has a market capitalization of $202.08 million, a price-to-earnings ratio of -1.39 and a beta of 0.81. Net Lease Office Properties has a one year low of $12.76 and a one year high of $34.53. The company’s 50-day simple moving average is $19.77 and its 200-day simple moving average is $25.81. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07.

Net Lease Office Properties Announces Dividend

The business also recently declared a special dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 30th were issued a $6.75 dividend.

Institutional Investors Weigh In On Net Lease Office Properties

Several large investors have recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC boosted its holdings in shares of Net Lease Office Properties by 3,157.7% during the second quarter. Laurel Wealth Advisors LLC now owns 847 shares of the company’s stock valued at $26,000 after acquiring an additional 821 shares during the period. Jones Financial Companies Lllp lifted its position in 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 during the last quarter. BNP Paribas Financial Markets lifted its position in Net Lease Office Properties by 66.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,448 shares of the company’s stock valued at $47,000 after purchasing an additional 580 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Net Lease Office Properties during the 3rd quarter valued at about $44,000. Finally, Tower Research Capital LLC TRC grew its position in Net Lease Office Properties by 198.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,712 shares of the company’s stock worth $56,000 after purchasing an additional 1,139 shares during the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

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.