JPMorgan Chase & Co. Has $1.21 Million Holdings in Net Lease Office Properties (NYSE:NLOP)

JPMorgan Chase & Co. boosted its position in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 42.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,587 shares of the company's stock after purchasing an additional 11,707 shares during the quarter. JPMorgan Chase & Co. owned about 0.27% of Net Lease Office Properties worth $1,212,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP increased its stake in shares of Net Lease Office Properties by 398.5% in the 2nd quarter. Marshall Wace LLP now owns 91,467 shares of the company's stock valued at $2,252,000 after acquiring an additional 73,119 shares during the last quarter. Meros Investment Management LP increased its stake in shares of Net Lease Office Properties by 68.5% in the 2nd quarter. Meros Investment Management LP now owns 152,052 shares of the company's stock valued at $3,744,000 after acquiring an additional 61,818 shares during the last quarter. Anson Funds Management LP increased its stake in shares of Net Lease Office Properties by 46.6% in the 3rd quarter. Anson Funds Management LP now owns 171,505 shares of the company's stock valued at $5,251,000 after acquiring an additional 54,552 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Net Lease Office Properties by 114.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 69,140 shares of the company's stock valued at $1,702,000 after acquiring an additional 36,972 shares during the last quarter. Finally, DRW Securities LLC bought a new stake in shares of Net Lease Office Properties in the 3rd quarter valued at about $976,000. 58.33% of the stock is owned by institutional investors.

Net Lease Office Properties Price Performance

NYSE NLOP traded down $0.06 during trading hours on Friday, reaching $31.19. 89,562 shares of the company's stock were exchanged, compared to its average volume of 182,791. The company's 50-day moving average is $31.31 and its two-hundred day moving average is $30.27. Net Lease Office Properties has a one year low of $22.16 and a one year high of $33.06. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.95 and a quick ratio of 1.95.

Net Lease Office Properties (NYSE:NLOP - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported ($2.73) 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 business had revenue of $31.48 million for the quarter. Equities research analysts forecast that Net Lease Office Properties will post 2.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, BWS Financial reaffirmed a "buy" rating and issued a $46.00 price target on shares of Net Lease Office Properties in a research note on Thursday, November 14th.

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.