Net Lease Office Properties (NYSE:NLOP) Short Interest Down 44.7% in January

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

Net Lease Office Properties Stock Down 0.6 %

NYSE NLOP traded down $0.19 during trading hours on Friday, hitting $31.83. The company had a trading volume of 150,668 shares, compared to its average volume of 203,344. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.95 and a quick ratio of 1.95. Net Lease Office Properties has a fifty-two week low of $22.16 and a fifty-two week high of $33.06. The business has a fifty day simple moving average of $31.40 and a 200-day simple moving average of $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 for the quarter. The firm had revenue of $31.48 million during the quarter. Net Lease Office Properties had a negative net margin of 122.90% and a negative return on equity of 30.16%. Research analysts predict that Net Lease Office Properties will post 2.64 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Net Lease Office Properties

Several hedge funds and other institutional investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale bought a new position in shares of Net Lease Office Properties in the third quarter valued at approximately $34,000. Daiwa Securities Group Inc. boosted its stake in Net Lease Office Properties by 12.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,952 shares of the company’s stock valued at $152,000 after purchasing an additional 556 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Net Lease Office Properties during the 4th quarter valued at $161,000. Mirae Asset Global Investments Co. Ltd. raised its position in Net Lease Office Properties by 9.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company’s stock worth $166,000 after acquiring an additional 451 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Net Lease Office Properties in the 3rd quarter worth approximately $217,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

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.