BWS Financial Reaffirms Buy Rating for Net Lease Office Properties (NYSE:NLOP)

Net Lease Office Properties (NYSE:NLOP)‘s stock had its “buy” rating reaffirmed by analysts at BWS Financial in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $46.00 price target on the stock. BWS Financial’s target price points to a potential upside of 44.63% from the company’s current price.

Net Lease Office Properties Trading Down 0.8 %

Shares of NYSE:NLOP traded down $0.27 during trading on Thursday, reaching $31.81. 14,548 shares of the company’s stock traded hands, compared to its average volume of 169,449. Net Lease Office Properties has a fifty-two week low of $22.16 and a fifty-two week high of $34.38. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.95 and a quick ratio of 1.95. The company has a 50-day simple moving average of $31.50 and a 200-day simple moving average of $31.07.

Net Lease Office Properties (NYSE:NLOP) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($2.42) EPS for the quarter. The business had revenue of $27.73 million during the quarter. Net Lease Office Properties had a negative net margin of 122.90% and a negative return on equity of 30.16%. On average, equities research analysts predict that Net Lease Office Properties will post 2.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Net Lease Office Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Asset Value Investors Ltd purchased a new position in Net Lease Office Properties in the 4th quarter valued at about $17,200,000. Castalian Partners LLC purchased a new position in shares of Net Lease Office Properties in the fourth quarter valued at approximately $6,360,000. Rangeley Capital LLC acquired a new stake in shares of Net Lease Office Properties in the fourth quarter worth approximately $5,228,000. National Bank of Canada FI acquired a new stake in shares of Net Lease Office Properties in the fourth quarter worth approximately $3,533,000. Finally, Anson Funds Management LP increased its position in shares of Net Lease Office Properties by 46.6% during the third quarter. Anson Funds Management LP now owns 171,505 shares of the company’s stock worth $5,251,000 after purchasing an additional 54,552 shares in 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 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.