Net Lease Office Properties (NYSE:NLOP) Plans Special Dividend of $1.50

Net Lease Office Properties (NYSE:NLOP) announced a special dividend on Wednesday, November 4th. Stockholders of record on Monday, November 16th will be paid a dividend of $1.50 per share on Tuesday, December 1st. The ex-dividend date is Monday, November 16th.

Net Lease Office Properties Stock Performance

Shares of NLOP stock opened at $8.99 on Thursday. The firm has a market capitalization of $133.20 million, a price-to-earnings ratio of -2.94 and a beta of 0.70. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $10.14 and its 200-day moving average price is $12.50. Net Lease Office Properties has a 12 month low of $8.80 and a 12 month high of $30.26.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Net Lease Office Properties in a report on Friday, August 7th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Net Lease Office Properties presently has an average rating of “Sell”.

Net Lease Office Properties Company Profile

Net Lease Office Properties (NYSE: NLOP) is a real estate investment trust that owns and manages a portfolio of office properties. The company’s properties are generally leased to commercial tenants under net lease arrangements, in which tenants typically assume responsibility for many property-related expenses, including taxes, insurance and maintenance.

NLOP’s portfolio is focused primarily on office buildings in the United States and Europe. Its activities include leasing and managing properties, overseeing tenant relationships and pursuing strategies to enhance the performance of its real estate investments.