Net Lease Office Properties (NYSE:NLOP) Short Interest Update

Net Lease Office Properties (NYSE:NLOP - Get Free Report) was the recipient 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. Currently, 1.7% of the shares of the company are sold short. Based on an average daily volume of 137,400 shares, the short-interest ratio is presently 1.8 days.

Institutional Trading of Net Lease Office Properties

Several institutional investors have recently modified their holdings of NLOP. Asset Value Investors Ltd acquired a new stake in shares of Net Lease Office Properties in the fourth quarter valued at about $17,200,000. Castalian Partners LLC acquired a new position in Net Lease Office Properties during the fourth quarter worth about $6,360,000. Rangeley Capital LLC acquired a new position in Net Lease Office Properties during the fourth quarter worth about $5,228,000. National Bank of Canada FI acquired a new position in Net Lease Office Properties during the fourth quarter worth about $3,533,000. Finally, Anson Funds Management LP boosted its position in Net Lease Office Properties by 46.6% during the third quarter. Anson Funds Management LP now owns 171,505 shares of the company's stock worth $5,251,000 after acquiring an additional 54,552 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company's stock.

Analyst Ratings Changes

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

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Net Lease Office Properties Stock Performance

NLOP traded up $0.37 on Monday, reaching $30.89. The stock had a trading volume of 54,969 shares, compared to its average volume of 144,926. Net Lease Office Properties has a 12-month low of $22.16 and a 12-month 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 business's 50-day moving average price is $31.48 and its two-hundred day moving average price is $31.10. The company has a market cap of $457.57 million, a P/E ratio of -4.99 and a beta of 0.88.

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

Net Lease Office Properties Company Profile

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.