Proficio Capital Partners LLC acquired a new stake in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,858 shares of the company's stock, valued at approximately $401,000. Proficio Capital Partners LLC owned approximately 0.09% of Net Lease Office Properties as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of NLOP. Y Intercept Hong Kong Ltd bought a new stake in shares of Net Lease Office Properties during the 4th quarter worth about $498,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Net Lease Office Properties in the fourth quarter worth approximately $161,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in 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 valued at $166,000 after purchasing an additional 451 shares in the last quarter. SG Americas Securities LLC boosted its stake in Net Lease Office Properties by 1.5% during the 4th quarter. SG Americas Securities LLC now owns 107,626 shares of the company's stock valued at $3,359,000 after purchasing an additional 1,554 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Net Lease Office Properties by 2.8% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 12,569 shares of the company's stock valued at $392,000 after purchasing an additional 346 shares during the period. Institutional investors and hedge funds own 58.33% of the company's stock.
Net Lease Office Properties Price Performance
NLOP stock traded up $0.10 on Tuesday, hitting $30.48. 79,130 shares of the company's stock traded hands, compared to its average volume of 152,253. The stock has a market cap of $451.56 million, a price-to-earnings ratio of -4.92 and a beta of 0.88. Net Lease Office Properties has a 1-year low of $22.16 and a 1-year 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 stock has a fifty day moving average of $31.51 and a 200-day moving average of $31.10.
Net Lease Office Properties (NYSE:NLOP - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported ($2.42) earnings per share for the quarter. The company had revenue of $27.73 million for the quarter. Net Lease Office Properties had a negative return on equity of 30.16% and a negative net margin of 122.90%. On average, analysts forecast that Net Lease Office Properties will post 2.64 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, BWS Financial reaffirmed a "buy" rating and set a $46.00 target price on shares of Net Lease Office Properties in a research note on Thursday, March 6th.
Read Our Latest Report on Net Lease Office Properties
About Net Lease Office Properties
(
Free Report)
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.
Further Reading
Before you consider Net Lease Office Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Net Lease Office Properties wasn't on the list.
While Net Lease Office Properties currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
