JPMorgan Chase & Co. Boosts Stake in Net Lease Office Properties (NYSE:NLOP)

JPMorgan Chase & Co. increased its holdings in shares of Net Lease Office Properties (NYSE:NLOP) by 42.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,587 shares of the company’s stock after purchasing an additional 11,707 shares during the quarter. JPMorgan Chase & Co. owned 0.27% of Net Lease Office Properties worth $1,212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NLOP. Barclays PLC increased its holdings in Net Lease Office Properties by 132.1% in the 3rd quarter. Barclays PLC now owns 19,927 shares of the company’s stock valued at $611,000 after purchasing an additional 11,341 shares during the last quarter. Anson Funds Management LP boosted its position in shares of Net Lease Office Properties by 46.6% during the third quarter. Anson Funds Management LP now owns 171,505 shares of the company’s stock worth $5,251,000 after buying an additional 54,552 shares during the period. State Street Corp grew its stake in shares of Net Lease Office Properties by 1.7% in the third quarter. State Street Corp now owns 399,647 shares of the company’s stock valued at $12,237,000 after buying an additional 6,731 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Net Lease Office Properties in the 3rd quarter valued at $348,000. Finally, MetLife Investment Management LLC raised its holdings in shares of Net Lease Office Properties by 115.6% in the 3rd quarter. MetLife Investment Management LLC now owns 9,327 shares of the company’s stock valued at $286,000 after buying an additional 5,000 shares during the period. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Net Lease Office Properties Stock Performance

NYSE:NLOP opened at $31.19 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.95 and a current ratio of 1.95. Net Lease Office Properties has a 52 week low of $22.16 and a 52 week high of $33.06. The company has a fifty day simple moving average of $31.31 and a two-hundred day simple moving average of $30.22.

Net Lease Office Properties (NYSE:NLOP) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($2.73) earnings per share for the quarter. The company had revenue of $31.48 million for the quarter. Net Lease Office Properties had a negative return on equity of 30.16% and a negative net margin of 122.90%. Sell-side analysts predict that Net Lease Office Properties will post 2.64 earnings per share for the current year.

Net Lease Office Properties 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.