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

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

Hedge Funds Weigh In On Net Lease Office Properties

Several institutional investors have recently modified their holdings of the stock. Marshall Wace LLP lifted its stake in Net Lease Office Properties by 398.5% in the 2nd 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. AQR Capital Management LLC lifted its stake in Net Lease Office Properties by 240.6% in the 2nd 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. Dupree Financial Group LLC lifted its stake in Net Lease Office Properties by 10.1% in the 3rd quarter. Dupree Financial Group LLC now owns 9,338 shares of the company’s stock valued at $286,000 after acquiring an additional 855 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Net Lease Office Properties in the 3rd quarter valued at approximately $217,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Net Lease Office Properties in the 3rd quarter valued at approximately $34,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Net Lease Office Properties Stock Performance

Shares of NYSE NLOP traded down $0.19 during midday trading on Friday, reaching $31.83. 150,668 shares of the company traded hands, compared to its average volume of 203,344. The stock’s 50-day simple moving average is $31.40 and its 200-day simple moving average is $30.53. Net Lease Office Properties has a 12 month low of $22.16 and a 12 month high of $33.06. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.38.

Net Lease Office Properties (NYSE:NLOP) last announced its earnings results on Wednesday, November 6th. The company reported ($2.73) earnings per share for the quarter. Net Lease Office Properties had a negative net margin of 122.90% and a negative return on equity of 30.16%. The business had revenue of $31.48 million during the quarter. As a group, analysts forecast that Net Lease Office Properties will post 2.64 EPS for the current year.

Wall Street Analyst Weigh In

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

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.