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

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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.

Get Our Latest Report on Net Lease Office Properties

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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

(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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