Net Lease Office Properties (NYSE:NLOP - Get Free Report) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 246,500 shares, a drop of 25.1% from the February 13th total of 329,300 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average trading volume of 137,400 shares, the short-interest ratio is presently 1.8 days.
Net Lease Office Properties Stock Performance
Net Lease Office Properties stock traded down $0.22 during mid-day trading on Tuesday, reaching $30.62. 28,081 shares of the company were exchanged, compared to its average volume of 144,463. The firm's 50-day simple moving average is $31.48 and its two-hundred day simple moving average is $31.10. Net Lease Office Properties has a twelve month low of $22.16 and a twelve month high of $34.38. The firm has a market cap of $453.63 million, a PE ratio of -4.94 and a beta of 0.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.95 and a current ratio of 1.95.
Net Lease Office Properties (NYSE:NLOP - Get Free Report) last issued its quarterly earnings results 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%. Equities analysts predict that Net Lease Office Properties will post 2.64 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in Net Lease Office Properties in the 3rd quarter valued at approximately $376,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Net Lease Office Properties by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 126,828 shares of the company's stock valued at $3,883,000 after buying an additional 2,444 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Net Lease Office Properties by 12.6% in the third 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. DRW Securities LLC acquired a new position in Net Lease Office Properties during the third quarter worth $976,000. Finally, Corsair Capital Management L.P. raised its position in Net Lease Office Properties by 68.6% in the third quarter. Corsair Capital Management L.P. now owns 29,498 shares of the company's stock worth $903,000 after acquiring an additional 12,000 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, BWS Financial reiterated a "buy" rating and issued a $46.00 price target on shares of Net Lease Office Properties in a research report on Thursday, March 6th.
Read Our Latest Stock Analysis on Net Lease Office Properties
Net Lease Office Properties Company Profile
(
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.
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