Net Lease Office Properties (NLOP) To Go Ex-Dividend on January 2nd

Net Lease Office Properties (NYSE:NLOP) declared a special dividend on Monday, December 22nd. Shareholders of record on Friday, January 2nd will be given a dividend of 5.10 per share on Tuesday, January 20th. The ex-dividend date of this dividend is Friday, January 2nd. This is a 24.4% increase from Net Lease Office Properties’s previous special dividend of $4.10.

Net Lease Office Properties Stock Performance

Shares of NYSE NLOP traded up $0.22 during mid-day trading on Wednesday, reaching $25.80. 55,991 shares of the company’s stock were exchanged, compared to its average volume of 120,378. The firm has a 50-day moving average price of $28.01 and a two-hundred day moving average price of $30.08. 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 capitalization of $382.13 million, a price-to-earnings ratio of -2.11 and a beta of 0.80. Net Lease Office Properties has a 52 week low of $24.81 and a 52 week high of $34.53.

Net Lease Office Properties (NYSE:NLOP) last posted its quarterly earnings results on Friday, November 7th. The company reported ($4.33) earnings per share for the quarter. The company had revenue of $29.78 million for the quarter. Net Lease Office Properties had a negative net margin of 156.16% and a negative return on equity of 34.31%. Analysts predict that Net Lease Office Properties will post 2.64 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Net Lease Office Properties in a research note on Monday. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $46.00.

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.