Short Interest in Net Lease Office Properties (NYSE:NLOP) Declines By 25.1%

Net Lease Office Properties (NYSE:NLOP) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 246,500 shares, a decline of 25.1% from the February 13th total of 329,300 shares. Based on an average daily trading volume, of 137,400 shares, the short-interest ratio is presently 1.8 days. Currently, 1.7% of the shares of the company are sold short.

Institutional Investors Weigh In On Net Lease Office Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NLOP. KLP Kapitalforvaltning AS acquired a new position in shares of Net Lease Office Properties during the 4th quarter valued at $76,000. Tower Research Capital LLC TRC grew its holdings in Net Lease Office Properties by 113.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,515 shares of the company’s stock worth $78,000 after acquiring an additional 1,339 shares during the period. Daiwa Securities Group Inc. raised its position in Net Lease Office Properties by 12.6% in the third quarter. Daiwa Securities Group Inc. now owns 4,952 shares of the company’s stock worth $152,000 after acquiring an additional 556 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Net Lease Office Properties in the 4th quarter valued at about $161,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Net Lease Office Properties by 9.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company’s stock valued at $166,000 after purchasing an additional 451 shares in the last quarter. Institutional investors own 58.33% of the company’s stock.

Net Lease Office Properties Price Performance

Shares of NLOP opened at $30.60 on Friday. Net Lease Office Properties has a one year low of $22.16 and a one year high of $34.38. The stock’s fifty day moving average is $31.46 and its 200-day moving average is $31.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market capitalization of $453.31 million, a price-to-earnings ratio of -4.94 and a beta of 0.88.

Net Lease Office Properties (NYSE:NLOP) last released its earnings results on Thursday, February 27th. The company reported ($2.42) EPS for the quarter. The company had revenue of $27.73 million for the quarter. Net Lease Office Properties had a negative net margin of 122.90% and a negative return on equity of 30.16%. Equities analysts anticipate that Net Lease Office Properties will post 2.64 EPS for the current year.

Analysts Set New Price Targets

Separately, BWS Financial reissued a “buy” rating and issued a $46.00 price objective on shares of Net Lease Office Properties in a report on Thursday, March 6th.

About Net Lease Office Properties

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.