Net Lease Office Properties (NYSE:NLOP) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,526,672 shares of the company's stock after selling 24,532 shares during the quarter. Vanguard Group Inc. owned 10.33% of Net Lease Office Properties worth $47,647,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new position in shares of Net Lease Office Properties during the 4th quarter valued at approximately $76,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Net Lease Office Properties in the 4th quarter worth about $161,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Net Lease Office Properties by 9.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company's stock worth $166,000 after buying an additional 451 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Net Lease Office Properties during the 4th quarter valued at approximately $236,000. Finally, Versor Investments LP purchased a new stake in shares of Net Lease Office Properties during the fourth quarter worth about $384,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Net Lease Office Properties Price Performance

NLOP traded up $0.18 during trading on Thursday, reaching $28.52. The company's stock had a trading volume of 9,927 shares, compared to its average volume of 144,836. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $30.63 and a two-hundred day simple moving average of $30.96. The company has a market cap of $422.47 million, a price-to-earnings ratio of -4.61 and a beta of 0.96. Net Lease Office Properties has a 1 year low of $22.16 and a 1 year high of $34.38.

Net Lease Office Properties (NYSE:NLOP - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($2.42) earnings per share (EPS) for the quarter. The firm had revenue of $27.73 million during the quarter. Net Lease Office Properties had a negative net margin of 122.90% and a negative return on equity of 30.16%. As a group, analysts anticipate that Net Lease Office Properties will post 2.64 EPS for the current year.

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.