Net Lease Office Properties (NYSE:NLOP) Shares Up 0.1% – What’s Next?

Net Lease Office Properties (NYSE:NLOP)’s share price was up 0.1% on Thursday . The company traded as high as $11.17 and last traded at $11.03. Approximately 118,816 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 173,588 shares. The stock had previously closed at $11.02.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NLOP shares. Wall Street Zen cut shares of Net Lease Office Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded Net Lease Office Properties from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Net Lease Office Properties Stock Performance

The stock has a market capitalization of $163.35 million, a price-to-earnings ratio of -1.36 and a beta of 0.59. The company has a debt-to-equity ratio of 0.13, a current ratio of 6.33 and a quick ratio of 6.33. The stock has a 50-day moving average of $11.76 and a 200 day moving average of $15.00.

Net Lease Office Properties (NYSE:NLOP) last released its earnings results on Thursday, May 7th. The company reported $1.69 earnings per share (EPS) for the quarter. The company had revenue of $9.03 million for the quarter. Net Lease Office Properties had a negative net margin of 122.31% and a negative return on equity of 34.26%.

Hedge Funds Weigh In On Net Lease Office Properties

Several large investors have recently bought and sold shares of the business. Jones Financial Companies Lllp lifted 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 buying an additional 1,172 shares during the period. BNP Paribas Financial Markets grew its holdings 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 worth $47,000 after acquiring an additional 580 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Net Lease Office Properties during the 3rd quarter valued at $44,000. Tower Research Capital LLC TRC raised its position 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 valued at $56,000 after acquiring an additional 1,139 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Net Lease Office Properties during the 1st quarter valued at $88,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

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.