Net Lease Office Properties (NYSE:NLOP - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at BWS Financial in a research note issued on Thursday,Benzinga reports. They presently have a $46.00 price target on the stock. BWS Financial's target price would indicate a potential upside of 50.85% from the stock's current price.
Net Lease Office Properties Price Performance
NLOP traded down $1.05 during trading on Thursday, reaching $30.49. The stock had a trading volume of 120,791 shares, compared to its average volume of 152,549. The stock has a 50 day moving average of $31.52 and a two-hundred day moving average of $31.09. Net Lease Office Properties has a 1-year low of $22.16 and a 1-year high of $34.38. The firm has a market capitalization of $451.74 million, a price-to-earnings ratio of -4.93 and a beta of 0.88. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.38.
Net Lease Office Properties (NYSE:NLOP - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($2.42) earnings per share (EPS) 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 company had revenue of $27.73 million during the quarter. As a group, equities analysts anticipate that Net Lease Office Properties will post 2.64 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Asset Value Investors Ltd purchased a new position in Net Lease Office Properties during the 4th quarter worth approximately $17,200,000. State Street Corp grew its holdings in shares of Net Lease Office Properties by 1.7% during the third quarter. State Street Corp now owns 399,647 shares of the company's stock valued at $12,237,000 after buying an additional 6,731 shares in the last quarter. Geode Capital Management LLC raised its position in Net Lease Office Properties by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 372,442 shares of the company's stock valued at $11,627,000 after buying an additional 1,109 shares during the period. Castalian Partners LLC purchased a new stake in Net Lease Office Properties in the 4th quarter worth about $6,360,000. Finally, Dimensional Fund Advisors LP boosted its position in Net Lease Office Properties by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 196,795 shares of the company's stock worth $6,142,000 after acquiring an additional 4,376 shares during the period. 58.33% of the stock is owned by hedge funds and other institutional investors.
About Net Lease Office Properties
(
Get 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.
Recommended Stories
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
