Net Lease Office Properties (NYSE:NLOP) Short Interest Down 25.1% in February

Net Lease Office Properties (NYSE:NLOP) was the target of a large decrease in short interest in the month of 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 shares of the stock are short sold. Based on an average daily trading volume, of 137,400 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Trading of Net Lease Office Properties

Large investors have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS purchased a new stake in Net Lease Office Properties in the 4th quarter valued at $76,000. Tower Research Capital LLC TRC grew its holdings in Net Lease Office Properties by 113.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,515 shares of the company’s stock valued at $78,000 after buying an additional 1,339 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Net Lease Office Properties by 12.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,952 shares of the company’s stock valued at $152,000 after buying an additional 556 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Net Lease Office Properties during the 4th quarter worth $161,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Net Lease Office Properties by 9.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company’s stock worth $166,000 after purchasing an additional 451 shares during the period. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Net Lease Office Properties Stock Up 1.2 %

NYSE NLOP opened at $30.89 on Tuesday. The business has a fifty day moving average price of $31.48 and a 200 day moving average price of $31.10. Net Lease Office Properties has a one year low of $22.16 and a one year high of $34.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.95 and a current ratio of 1.95. The company 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 data on Thursday, February 27th. The company reported ($2.42) EPS for the quarter. Net Lease Office Properties had a negative net margin of 122.90% and a negative return on equity of 30.16%. The firm had revenue of $27.73 million during the quarter. Research analysts anticipate that Net Lease Office Properties will post 2.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, BWS Financial reissued a “buy” rating and issued a $46.00 price objective on shares of Net Lease Office Properties in a research note on Thursday, March 6th.

About Net Lease Office Properties

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.