Net Lease Office Properties (NYSE:NLOP) Short Interest Update

Net Lease Office Properties (NYSE:NLOP) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 580,385 shares, an increase of 40.2% from the January 15th total of 413,887 shares. Approximately 3.9% of the shares of the stock are short sold. Based on an average trading volume of 496,018 shares, the short-interest ratio is presently 1.2 days. Based on an average trading volume of 496,018 shares, the short-interest ratio is presently 1.2 days. Approximately 3.9% of the shares of the stock are short sold.

Net Lease Office Properties Price Performance

Net Lease Office Properties stock opened at $19.87 on Friday. Net Lease Office Properties has a 1 year low of $18.45 and a 1 year high of $34.53. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a 50 day moving average price of $22.00 and a 200 day moving average price of $27.10. The company has a market cap of $294.37 million, a price-to-earnings ratio of -1.63 and a beta of 0.81.

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. Net Lease Office Properties’s payout ratio is -2.78%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Net Lease Office Properties in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $46.00.

Institutional Investors Weigh In On Net Lease Office Properties

A number of institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Net Lease Office Properties by 4.6% in the 1st 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 during the period. Allworth Financial LP raised its holdings in Net Lease Office Properties by 20.0% in the second quarter. Allworth Financial LP now owns 2,392 shares of the company’s stock valued at $78,000 after buying an additional 399 shares during the period. Police & Firemen s Retirement System of New Jersey raised its holdings in Net Lease Office Properties by 14.0% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 3,404 shares of the company’s stock valued at $111,000 after buying an additional 418 shares during the period. Resona Asset Management Co. Ltd. lifted its position in Net Lease Office Properties by 8.9% during the third quarter. Resona Asset Management Co. Ltd. now owns 6,400 shares of the company’s stock valued at $188,000 after buying an additional 525 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Net Lease Office Properties by 8.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,471 shares of the company’s stock worth $220,000 after buying an additional 556 shares during the period. Hedge funds and other institutional investors own 58.33% of the company’s stock.

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.