Short Interest in Net Lease Office Properties (NYSE:NLOP) Expands By 40.2%

Net Lease Office Properties (NYSE:NLOP) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 580,385 shares, an increase of 40.2% from the January 15th total of 413,887 shares. Approximately 3.9% of the company’s shares are sold short. Based on an average trading volume of 496,018 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 496,018 shares, the days-to-cover ratio is presently 1.2 days. Approximately 3.9% of the company’s shares are sold short.

Net Lease Office Properties Stock Up 2.2%

NYSE NLOP traded up $0.42 during trading on Monday, reaching $19.87. 246,284 shares of the company’s stock traded hands, compared to its average volume of 334,270. Net Lease Office Properties has a 12-month low of $18.45 and a 12-month high of $34.53. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $294.29 million, a price-to-earnings ratio of -1.63 and a beta of 0.81. The company’s 50 day simple moving average is $21.89 and its two-hundred day simple moving average is $26.96.

Net Lease Office Properties Announces Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th will be given a dividend of $6.75 per share.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NLOP. Laurel Wealth Advisors LLC boosted its position in Net Lease Office Properties by 3,157.7% during the second quarter. Laurel Wealth Advisors LLC now owns 847 shares of the company’s stock valued at $26,000 after purchasing an additional 821 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Net Lease Office Properties in the 3rd quarter valued at about $44,000. Jones Financial Companies Lllp boosted its holdings in shares of Net Lease Office Properties by 498.7% in the 1st 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 in the last quarter. BNP Paribas Financial Markets grew its position in shares of Net Lease Office Properties by 66.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,448 shares of the company’s stock worth $47,000 after buying an additional 580 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of 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 acquiring an additional 1,139 shares in the last quarter. 58.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Net Lease Office Properties in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $46.00.

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.