Short Interest in Net Lease Office Properties (NYSE:NLOP) Rises By 20.3%

Net Lease Office Properties (NYSE:NLOP) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 1,720,000 shares, a growth of 20.3% from the June 30th total of 1,430,000 shares. Based on an average trading volume of 252,700 shares, the short-interest ratio is presently 6.8 days. Currently, 11.7% of the company’s shares are sold short.

Net Lease Office Properties Trading Down 0.5 %

NLOP stock traded down $0.15 during trading hours on Friday, reaching $28.75. 398,787 shares of the stock were exchanged, compared to its average volume of 337,510. The firm’s 50-day moving average is $24.66 and its 200-day moving average is $24.27. Net Lease Office Properties has a 12 month low of $9.50 and a 12 month high of $50.00. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.68 and a quick ratio of 1.68.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in shares of Net Lease Office Properties by 73.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 66,080 shares of the company’s stock worth $1,627,000 after acquiring an additional 27,969 shares in the last quarter. Dupree Financial Group LLC acquired a new stake in Net Lease Office Properties in the 2nd quarter valued at $209,000. SG Americas Securities LLC lifted its position in Net Lease Office Properties by 3.4% during the 2nd quarter. SG Americas Securities LLC now owns 108,955 shares of the company’s stock worth $2,682,000 after buying an additional 3,575 shares in the last quarter. LRI Investments LLC acquired a new position in shares of Net Lease Office Properties during the 1st quarter worth about $28,000. Finally, Bluefin Capital Management LLC bought a new position in shares of Net Lease Office Properties in the 1st quarter valued at about $891,000. 58.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, BWS Financial reiterated a “buy” rating and issued a $46.00 price target on shares of Net Lease Office Properties in a research report on Thursday, June 13th.

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.