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

Net Lease Office Properties (NYSE:NLOP) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 466,312 shares, a decline of 19.7% from the January 29th total of 580,385 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average daily volume of 203,774 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily volume of 203,774 shares, the days-to-cover ratio is currently 2.3 days. Currently, 3.2% of the shares of the stock are short sold.

Net Lease Office Properties Trading Up 1.7%

Shares of NYSE:NLOP traded up $0.25 during midday trading on Wednesday, reaching $14.65. The company’s stock had a trading volume of 165,954 shares, compared to its average volume of 330,671. The firm has a market cap of $216.97 million, a price-to-earnings ratio of 2.89 and a beta of 0.77. The business has a 50 day moving average price of $19.09 and a 200 day moving average price of $25.41. Net Lease Office Properties has a 1 year low of $12.76 and a 1 year high of $34.53. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.07.

Net Lease Office Properties Dividend Announcement

The business also recently declared a special dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th were paid a dividend of $6.75 per share.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NLOP shares. Wall Street Zen upgraded shares of Net Lease Office Properties from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings restated a “sell (d)” rating on shares of Net Lease Office Properties in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC boosted its position in Net Lease Office Properties by 3,157.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 847 shares of the company’s stock valued at $26,000 after buying an additional 821 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Net Lease Office Properties in the third quarter worth about $44,000. Jones Financial Companies Lllp boosted its holdings in Net Lease Office Properties by 498.7% in the first quarter. Jones Financial Companies Lllp now owns 1,407 shares of the company’s stock valued at $44,000 after purchasing an additional 1,172 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Net Lease Office Properties by 66.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,448 shares of the company’s stock valued at $47,000 after purchasing an additional 580 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Net Lease Office Properties by 198.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,712 shares of the company’s stock worth $56,000 after purchasing an additional 1,139 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

About Net Lease Office Properties

Net Lease Office Properties (NYSE:NLOP) is a real estate investment trust organized to acquire and manage single-tenant office properties subject to long-term net leases. The company seeks to generate stable, contracting cash flows by entering into sale-leaseback transactions and investment-grade lease agreements with corporate tenants. NLOP’s portfolio is intended to provide investors with exposure to a diversified base of office assets while retaining the structural benefits of net lease arrangements.

The REIT’s business model centers on acquiring office buildings that are leased to creditworthy tenants under triple-net leases, whereby the tenant is responsible for property taxes, insurance and maintenance.