Net Lease Office Properties (NLOP) Stock Price, News & Analysis

Company Overview

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. The portfolio consists of 62 corporate tenants operating in a variety of industries, generating annualized based rent (ABR) of approximately $145 million. NLOP's business plan is to focus on realizing value for its shareholders primarily through strategic asset management and disposition of its property portfolio over time. Given WPC's extensive knowledge of the portfolio, NLOP is externally managed and advised by wholly owned affiliates of WPC to successfully execute on its business strategy. Over the course of its 50-year history, WPC has developed significant expertise in the single-tenant office real estate sector, including the operation, leasing, acquisition and development of assets through many market cycles, and has a proven track record of execution.

Key Stats

• Today's Range: $30.62 to $31.31
• 50-Day Range: $29.61 to $32.09
• 52-Week Range: $15.33 to $32.94
• Volume: 79,989 shs
• Average Volume: 212,830 shs
• Market Capitalization: $459.66 million
• P/E Ratio: N/A
• Dividend Yield: 1.09%
• Price Target: $46.00
• Consensus Rating: Buy

Net Lease Office Properties Stock Analysis - MarketRank™

Net Lease Office Properties scored higher than 38% of companies evaluated by MarketBeat, and ranked 730th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Net Lease Office Properties has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Net Lease Office Properties has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Book Value per Share Ratio

Net Lease Office Properties has a P/B Ratio of 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

14.03% of the float of Net Lease Office Properties has been sold short.

Short Interest Ratio / Days to Cover

Net Lease Office Properties has a short interest ratio ("days to cover") of 15.6, which indicates bearish sentiment.

Change versus previous month

Short interest in Net Lease Office Properties has recently decreased by 5.07%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Net Lease Office Properties pays a meaningful dividend of 1.10%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Net Lease Office Properties does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

14.03% of the float of Net Lease Office Properties has been sold short.

Short Interest Ratio / Days to Cover

Net Lease Office Properties has a short interest ratio ("days to cover") of 15.6, which indicates bearish sentiment.

Change versus previous month

Short interest in Net Lease Office Properties has recently decreased by 5.07%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 0.7 / 5
• News Sentiment: N/A

News Sentiment

Net Lease Office Properties has a news sentiment score of -0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.81 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Net Lease Office Properties this week, compared to 1 article on an average week.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Net Lease Office Properties insiders have not sold or bought any company stock.

Percentage Held by Institutions

58.33% of the stock of Net Lease Office Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NLOP Stock Analysis - Frequently Asked Questions

How have NLOP shares performed this year?

Net Lease Office Properties' stock was trading at $18.48 on January 1st, 2024. Since then, NLOP shares have increased by 68.3% and is now trading at $31.10.
View the best growth stocks for 2024 here.

Who are Net Lease Office Properties' major shareholders?

Net Lease Office Properties' top institutional shareholders include State Street Corp (2.70%), Geode Capital Management LLC (2.51%), Anson Funds Management LP (1.16%) and Charles Schwab Investment Management Inc. (0.86%).
View institutional ownership trends.

How do I buy shares of Net Lease Office Properties?

Shares of NLOP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Net Lease Office Properties own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Net Lease Office Properties investors own include Verizon Communications (VZ), American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), iShares Micro-Cap ETF (IWC), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Today: 11/22/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/05/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• Current Symbol: NYSE:NLOP
• Previous Symbol: NYSE:NLOP
• CUSIP: N/A
• CIK: 1952976
• Web: www.nloproperties.com
• Phone: 212-492-1140
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $46.00
• High Stock Price Target: $46.00
• Low Stock Price Target: $46.00
• Potential Upside/Downside: +47.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-131,750,000.00
• Net Margins: -122.90%
• Pretax Margin: -122.29%
• Return on Equity: -30.16%
• Return on Assets: -17.58%

Debt

• Debt-to-Equity Ratio: 0.38
• Current Ratio: 1.95
• Quick Ratio: 1.95

Sales & Book Value

• Annual Sales: $174.96 million
• Price / Sales: 2.63
• Cash Flow: $0.83 per share
• Price / Cash Flow: 37.34
• Book Value: $42.35 per share
• Price / Book: 0.73

Miscellaneous

• Outstanding Shares: 14,780,000
• Free Float: N/A
• Market Cap: $459.66 million
• Optionable: Optionable
• Beta: N/A