Net Lease Office Properties (NYSE:NLOP) Announces Quarterly Earnings Results

Net Lease Office Properties (NYSE:NLOP) announced its quarterly earnings results on Thursday. The company reported $1.69 EPS for the quarter, FiscalAI reports. Net Lease Office Properties had a negative net margin of 122.16% and a negative return on equity of 31.89%. The firm had revenue of $9.03 million for the quarter.

Net Lease Office Properties Stock Performance

Shares of NYSE:NLOP traded down $1.15 on Friday, reaching $11.96. The company’s stock had a trading volume of 316,834 shares, compared to its average volume of 182,131. The stock’s 50-day moving average is $13.21 and its two-hundred day moving average is $20.33. Net Lease Office Properties has a 52-week low of $11.23 and a 52-week high of $34.53. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.19 and a quick ratio of 2.19. The stock has a market capitalization of $177.19 million, a P/E ratio of -1.22 and a beta of 0.65.

Net Lease Office Properties Announces Dividend

The firm also recently announced a special dividend, which was paid on Tuesday, April 14th. Stockholders of record on Monday, March 30th were issued a $3.30 dividend. The ex-dividend date of this dividend was Monday, March 30th. Net Lease Office Properties’s dividend payout ratio is presently -3.47%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Net Lease Office Properties from a “buy” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Net Lease Office Properties presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Net Lease Office Properties

A number of institutional investors and hedge funds have recently made changes to their positions in NLOP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Net Lease Office Properties by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,839 shares of the company’s stock valued at $277,000 after buying an additional 390 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of 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 buying an additional 1,172 shares during the last quarter. Strs Ohio purchased a new stake in shares of Net Lease Office Properties in the first quarter valued at about $88,000. Rhumbline Advisers raised its holdings in shares of Net Lease Office Properties by 19.1% in the second quarter. Rhumbline Advisers now owns 26,029 shares of the company’s stock valued at $847,000 after buying an additional 4,183 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Net Lease Office Properties by 2.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 104,559 shares of the company’s stock valued at $3,403,000 after buying an additional 2,626 shares during the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

Net Lease Office Properties Company Profile

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.