Net Lease Office Properties (NYSE:NLOP) Stock Price Up 0.1% – Here’s What Happened

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NLOP. Weiss Ratings raised shares of Net Lease Office Properties from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Wall Street Zen downgraded Net Lease Office Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Net Lease Office Properties presently has a consensus rating of “Sell”.

Net Lease Office Properties Stock Up 1.3%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 6.33 and a current ratio of 6.33. The company has a market capitalization of $165.72 million, a price-to-earnings ratio of -1.37 and a beta of 0.59. The business’s 50 day moving average is $11.72 and its 200 day moving average is $14.97.

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

Institutional Investors Weigh In On Net Lease Office Properties

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in shares of Net Lease Office Properties by 498.7% during the first quarter. Jones Financial Companies Lllp now owns 1,407 shares of the company’s stock worth $44,000 after buying an additional 1,172 shares during the period. BNP Paribas Financial Markets lifted its position in shares of 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 purchasing an additional 580 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Net Lease Office Properties during the 3rd quarter worth about $44,000. Tower Research Capital LLC TRC increased its stake in Net Lease Office Properties by 198.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,712 shares of the company’s stock valued at $56,000 after purchasing an additional 1,139 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Net Lease Office Properties in the 1st quarter valued at $88,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Net Lease Office Properties Company Profile

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.