Net Lease Office Properties (NYSE:NLOP) Short Interest Up 22.0% in January

Net Lease Office Properties (NYSE:NLOP) was the recipient of a significant growth in short interest in 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 daily volume of 180,241 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.8% of the shares of the stock are sold short. Approximately 2.8% of the shares of the stock are sold short. Based on an average daily volume of 180,241 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new stake in Net Lease Office Properties in the second quarter worth $26,000. Laurel Wealth Advisors LLC grew its stake in shares of Net Lease Office Properties by 3,157.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 847 shares of the company’s stock worth $26,000 after buying an additional 821 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Net Lease Office Properties in the 3rd quarter worth about $44,000. Jones Financial Companies Lllp raised its position in shares of Net Lease Office Properties by 498.7% during the 1st quarter. Jones Financial Companies Lllp now owns 1,407 shares of the company’s stock valued at $44,000 after buying an additional 1,172 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Net Lease Office Properties by 66.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,448 shares of the company’s stock valued at $47,000 after buying an additional 580 shares in the last quarter. 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 report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $46.00.

Net Lease Office Properties Price Performance

Shares of NLOP traded down $0.31 during midday trading on Tuesday, hitting $19.12. 200,875 shares of the company traded hands, compared to its average volume of 322,163. The stock has a market cap of $283.23 million, a price-to-earnings ratio of -1.56 and a beta of 0.81. The firm has a 50 day moving average of $23.41 and a 200-day moving average of $27.83. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. Net Lease Office Properties has a 52 week low of $18.45 and a 52 week high of $34.53.

Net Lease Office Properties (NYSE:NLOP) last issued its 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 return on equity of 34.31% and a negative net margin of 156.16%.The firm had revenue of $29.78 million during the quarter. On average, analysts forecast that Net Lease Office Properties will post 2.64 EPS for the current fiscal year.

Net Lease Office Properties Dividend Announcement

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

About Net Lease Office Properties

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.