Net Lease Office Properties (NYSE:NLOP) Short Interest Down 47.2% in February

Net Lease Office Properties (NYSE:NLOP) saw a significant drop in short interest in February. As of February 15th, there was short interest totalling 329,300 shares, a drop of 47.2% from the January 31st total of 623,900 shares. Based on an average daily volume of 135,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 2.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Net Lease Office Properties during the third quarter worth about $217,000. DekaBank Deutsche Girozentrale acquired a new stake in Net Lease Office Properties in the 3rd quarter worth approximately $34,000. Verdence Capital Advisors LLC purchased a new stake in Net Lease Office Properties during the 3rd quarter worth approximately $389,000. GSA Capital Partners LLP acquired a new position in Net Lease Office Properties during the 3rd quarter valued at approximately $376,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Net Lease Office Properties by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 126,828 shares of the company’s stock worth $3,883,000 after buying an additional 2,444 shares during the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Net Lease Office Properties Stock Performance

Shares of NYSE NLOP remained flat at $32.44 during trading hours on Monday. 77,689 shares of the company traded hands, compared to its average volume of 177,235. Net Lease Office Properties has a 1 year low of $22.16 and a 1 year high of $34.38. The firm’s 50 day simple moving average is $31.46 and its two-hundred day simple moving average is $31.05. 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 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.