Proficio Capital Partners LLC Purchases New Shares in Net Lease Office Properties (NYSE:NLOP)

Proficio Capital Partners LLC purchased a new position in Net Lease Office Properties (NYSE:NLOP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,858 shares of the company's stock, valued at approximately $401,000. Proficio Capital Partners LLC owned about 0.09% of Net Lease Office Properties at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its stake in Net Lease Office Properties by 12.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,952 shares of the company's stock valued at $152,000 after purchasing an additional 556 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Net Lease Office Properties in the 4th quarter valued at approximately $161,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Net Lease Office Properties by 9.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company's stock valued at $166,000 after acquiring an additional 451 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Net Lease Office Properties by 115.6% during the 3rd quarter. MetLife Investment Management LLC now owns 9,327 shares of the company's stock worth $286,000 after acquiring an additional 5,000 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in Net Lease Office Properties in the third quarter valued at $348,000. Institutional investors and hedge funds own 58.33% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a "buy" rating and set a $46.00 price target on shares of Net Lease Office Properties in a report on Thursday, March 6th.

Net Lease Office Properties Trading Down 0.4 %

Shares of NYSE NLOP traded down $0.11 during mid-day trading on Friday, hitting $31.54. The company's stock had a trading volume of 90,117 shares, compared to its average volume of 174,787. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market cap of $467.20 million, a price-to-earnings ratio of -5.09 and a beta of 0.88. The company's fifty day simple moving average is $31.57 and its 200-day simple moving average is $31.14. Net Lease Office Properties has a one year low of $22.16 and a one year high of $34.38.

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. Net Lease Office Properties had a negative return on equity of 30.16% and a negative net margin of 122.90%. The firm had revenue of $27.73 million for the quarter. On average, sell-side analysts anticipate that Net Lease Office Properties will post 2.64 earnings per share for the current fiscal year.

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.