Net Lease Office Properties (NYSE:NLOP – Get Free Report) is one of 293 public companies in the “Real estate investment trusts” industry, but how does it contrast to its rivals? We will compare Net Lease Office Properties to similar companies based on the strength of its institutional ownership, dividends, analyst recommendations, earnings, valuation, profitability and risk.
Analyst Ratings
This is a summary of current ratings and target prices for Net Lease Office Properties and its rivals, as reported by MarketBeat.com.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
Net Lease Office Properties | 0 | 0 | 1 | 0 | 3.00 |
Net Lease Office Properties Competitors | 4608 | 15398 | 14997 | 440 | 2.32 |
Net Lease Office Properties presently has a consensus target price of $46.00, indicating a potential upside of 45.87%. As a group, “Real estate investment trusts” companies have a potential upside of 10.26%. Given Net Lease Office Properties’ stronger consensus rating and higher possible upside, research analysts plainly believe Net Lease Office Properties is more favorable than its rivals.
Risk & Volatility
Dividends
Net Lease Office Properties pays an annual dividend of $0.34 per share and has a dividend yield of 1.1%. Net Lease Office Properties pays out -5.5% of its earnings in the form of a dividend. As a group, “Real estate investment trusts” companies pay a dividend yield of 4.9% and pay out -29.2% of their earnings in the form of a dividend. Net Lease Office Properties lags its rivals as a dividend stock, given its lower dividend yield and higher payout ratio.
Profitability
This table compares Net Lease Office Properties and its rivals’ net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Net Lease Office Properties | -122.90% | -30.16% | -17.58% |
Net Lease Office Properties Competitors | -2.42% | -3.46% | 1.20% |
Insider and Institutional Ownership
58.3% of Net Lease Office Properties shares are held by institutional investors. Comparatively, 68.7% of shares of all “Real estate investment trusts” companies are held by institutional investors. 7.1% of shares of all “Real estate investment trusts” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
Earnings & Valuation
This table compares Net Lease Office Properties and its rivals top-line revenue, earnings per share and valuation.
Gross Revenue | Net Income | Price/Earnings Ratio | |
Net Lease Office Properties | $142.25 million | -$131.75 million | -5.09 |
Net Lease Office Properties Competitors | $989.52 million | $145.17 million | 26.46 |
Net Lease Office Properties’ rivals have higher revenue and earnings than Net Lease Office Properties. Net Lease Office Properties is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
Summary
Net Lease Office Properties rivals beat Net Lease Office Properties on 12 of the 15 factors compared.
About Net Lease Office Properties
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. The portfolio consists of 62 corporate tenants operating in a variety of industries, generating annualized based rent (ABR) of approximately $145 million. NLOP's business plan is to focus on realizing value for its shareholders primarily through strategic asset management and disposition of its property portfolio over time. Given WPC's extensive knowledge of the portfolio, NLOP is externally managed and advised by wholly owned affiliates of WPC to successfully execute on its business strategy. Over the course of its 50-year history, WPC has developed significant expertise in the single-tenant office real estate sector, including the operation, leasing, acquisition and development of assets through many market cycles, and has a proven track record of execution.
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