Wall Street Zen Downgrades Net Lease Office Properties (NYSE:NLOP) to Hold

Net Lease Office Properties (NYSE:NLOP) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Net Lease Office Properties Stock Up 0.1%

NLOP stock opened at $11.96 on Friday. The stock has a market capitalization of $177.14 million, a P/E ratio of -1.22 and a beta of 0.65. The firm has a 50-day simple moving average of $13.21 and a 200-day simple moving average of $20.33. The company has a quick ratio of 6.33, a current ratio of 6.33 and a debt-to-equity ratio of 0.13. Net Lease Office Properties has a 52 week low of $11.23 and a 52 week high of $34.53.

Net Lease Office Properties (NYSE:NLOP) last released its earnings results on Thursday, May 7th. The company reported $1.69 EPS for the quarter. The business had revenue of $9.03 million during the quarter. Net Lease Office Properties had a negative net margin of 122.31% and a negative return on equity of 34.24%.

Institutional Trading of Net Lease Office Properties

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Net Lease Office Properties by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,604,699 shares of the company’s stock valued at $47,595,000 after acquiring an additional 12,702 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its stake in Net Lease Office Properties by 86.6% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 524,956 shares of the company’s stock valued at $13,539,000 after acquiring an additional 243,575 shares in the last quarter. Geode Capital Management LLC grew its stake in Net Lease Office Properties by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 425,130 shares of the company’s stock valued at $10,966,000 after acquiring an additional 7,623 shares in the last quarter. State Street Corp grew its stake in Net Lease Office Properties by 0.8% during the 4th quarter. State Street Corp now owns 414,965 shares of the company’s stock valued at $10,702,000 after acquiring an additional 3,158 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Net Lease Office Properties by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 194,758 shares of the company’s stock valued at $5,023,000 after acquiring an additional 741 shares in the last quarter. 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.