Net Lease Office Properties (NYSE:NLOP) Short Interest Update

Net Lease Office Properties (NYSE:NLOP) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 1,140,000 shares, a drop of 44.7% from the December 31st total of 2,060,000 shares. Approximately 7.8% of the company’s shares are short sold. Based on an average daily volume of 112,500 shares, the days-to-cover ratio is currently 10.1 days.

Institutional Investors Weigh In On Net Lease Office Properties

A number of hedge funds have recently added to or reduced their stakes in NLOP. Marshall Wace LLP increased its holdings in shares of Net Lease Office Properties by 398.5% during the second quarter. Marshall Wace LLP now owns 91,467 shares of the company’s stock valued at $2,252,000 after acquiring an additional 73,119 shares in the last quarter. Anson Funds Management LP increased its holdings 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 valued at $5,251,000 after acquiring an additional 54,552 shares in the last quarter. DRW Securities LLC bought a new stake in shares of Net Lease Office Properties during the third quarter valued at approximately $976,000. AQR Capital Management LLC increased its holdings in shares of Net Lease Office Properties by 240.6% during the second quarter. AQR Capital Management LLC now owns 36,768 shares of the company’s stock valued at $882,000 after acquiring an additional 25,972 shares in the last quarter. Finally, Verdence Capital Advisors LLC bought a new stake in shares of Net Lease Office Properties during the third quarter valued at approximately $389,000. 58.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, BWS Financial reiterated a “buy” rating and issued a $46.00 target price on shares of Net Lease Office Properties in a research report on Thursday, November 14th.

Net Lease Office Properties Stock Performance

Net Lease Office Properties stock traded down $0.19 during trading hours on Friday, hitting $31.83. The stock had a trading volume of 150,668 shares, compared to its average volume of 203,344. Net Lease Office Properties has a one year low of $22.16 and a one year high of $33.06. 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 business’s 50 day simple moving average is $31.40 and its 200-day simple moving average is $30.53.

Net Lease Office Properties (NYSE:NLOP) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($2.73) earnings per share (EPS) for the quarter. Net Lease Office Properties had a negative return on equity of 30.16% and a negative net margin of 122.90%. The company had revenue of $31.48 million for the quarter. On average, research analysts predict that Net Lease Office Properties will post 2.64 earnings per share for the current fiscal year.

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.