Net Lease Office Properties (NYSE:NLOP) Announces Earnings Results

Net Lease Office Properties (NYSE:NLOP) issued its quarterly earnings data on Thursday. The company reported $1.69 EPS for the quarter, FiscalAI reports. The company had revenue of $9.03 million during the quarter. Net Lease Office Properties had a negative net margin of 122.16% and a negative return on equity of 31.89%.

Net Lease Office Properties Stock Performance

Shares of NYSE NLOP traded down $1.15 during mid-day trading on Friday, hitting $11.96. The stock had a trading volume of 316,834 shares, compared to its average volume of 182,131. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.19 and a current ratio of 2.19. The company has a 50 day moving average of $13.21 and a two-hundred day moving average of $20.33. Net Lease Office Properties has a twelve month low of $11.23 and a twelve month high of $34.53. The firm has a market cap of $177.19 million, a PE ratio of -1.22 and a beta of 0.65.

Net Lease Office Properties Dividend Announcement

The company also recently announced a special dividend, which was paid on Tuesday, April 14th. Investors of record on Monday, March 30th were given a $3.30 dividend. The ex-dividend date of this dividend was Monday, March 30th. Net Lease Office Properties’s dividend payout ratio is presently -3.47%.

Hedge Funds Weigh In On Net Lease Office Properties

Hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp increased its position 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 acquiring an additional 1,172 shares during the period. BNP Paribas Financial Markets increased 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 valued at $47,000 after acquiring an additional 580 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Net Lease Office Properties in the 3rd quarter valued at $44,000. Tower Research Capital LLC TRC increased its position in shares of Net Lease Office Properties by 198.8% in 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 period. Finally, Strs Ohio acquired a new position in shares of Net Lease Office Properties in the 1st quarter valued at $88,000. 58.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Net Lease Office Properties from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

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.