Short Interest in Net Lease Office Properties (NYSE:NLOP) Expands By 22.0%

Net Lease Office Properties (NYSE:NLOP) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 413,887 shares, a growth of 22.0% from the December 31st total of 339,151 shares. Based on an average trading volume of 180,241 shares, the short-interest ratio is presently 2.3 days. Approximately 2.8% of the shares of the company are sold short. Approximately 2.8% of the shares of the company are sold short. Based on an average trading volume of 180,241 shares, the short-interest ratio is presently 2.3 days.

Net Lease Office Properties Stock Performance

Shares of NYSE:NLOP traded down $0.31 during midday trading on Tuesday, hitting $19.12. The company had a trading volume of 200,875 shares, compared to its average volume of 322,163. Net Lease Office Properties has a 12-month low of $18.45 and a 12-month high of $34.53. The company has a fifty day moving average of $23.41 and a two-hundred day moving average of $27.83. The company has a market cap of $283.23 million, a price-to-earnings ratio of -1.56 and a beta of 0.81. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07.

Net Lease Office Properties (NYSE:NLOP) last released its quarterly earnings results on Friday, November 7th. The company reported ($4.33) earnings per share (EPS) for the quarter. Net Lease Office Properties had a negative net margin of 156.16% and a negative return on equity of 34.31%. The company had revenue of $29.78 million for the quarter. On average, equities research analysts expect that Net Lease Office Properties will post 2.64 EPS for the current fiscal year.

Net Lease Office Properties Announces Dividend

The company also recently announced a special dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be issued a $6.75 dividend.

Hedge Funds Weigh In On Net Lease Office Properties

Hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Net Lease Office Properties by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,839 shares of the company’s stock worth $277,000 after purchasing an additional 390 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Net Lease Office Properties by 498.7% in the 1st 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. Strs Ohio bought a new position in Net Lease Office Properties in the 1st quarter worth $88,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Net Lease Office Properties in the 2nd quarter worth $227,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Net Lease Office Properties by 2.1% during the second quarter. Public Employees Retirement System of Ohio now owns 21,356 shares of the company’s stock valued at $695,000 after acquiring an additional 448 shares during the period. 58.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Net Lease Office Properties in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Net Lease Office Properties currently has an average rating of “Hold” and an average target price of $46.00.

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.