Charles Schwab Investment Management Inc. Increases Stock Position in Net Lease Office Properties (NYSE:NLOP)

Charles Schwab Investment Management Inc. raised its position in Net Lease Office Properties (NYSE:NLOP) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,521 shares of the company’s stock after acquiring an additional 693 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.86% of Net Lease Office Properties worth $3,980,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthcare Advisory Partners LLC grew its position in shares of Net Lease Office Properties by 2.8% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 12,569 shares of the company’s stock worth $392,000 after buying an additional 346 shares during the period. Proficio Capital Partners LLC bought a new stake in Net Lease Office Properties in the 4th quarter worth about $401,000. Barclays PLC lifted its stake in Net Lease Office Properties by 132.1% during the 3rd quarter. Barclays PLC now owns 19,927 shares of the company’s stock valued at $611,000 after acquiring an additional 11,341 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Net Lease Office Properties by 9.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company’s stock valued at $166,000 after buying an additional 451 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Net Lease Office Properties by 42.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 39,587 shares of the company’s stock worth $1,212,000 after buying an additional 11,707 shares during the last quarter. 58.33% of the stock is owned by institutional investors.

Net Lease Office Properties Stock Up 0.0 %

NYSE NLOP opened at $30.85 on Thursday. Net Lease Office Properties has a 52 week low of $22.16 and a 52 week high of $34.38. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $456.98 million, a P/E ratio of -4.98 and a beta of 0.88. The stock’s 50-day moving average price is $31.57 and its 200-day moving average price is $31.14.

Net Lease Office Properties (NYSE:NLOP) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($2.42) earnings per share (EPS) for the quarter. Net Lease Office Properties had a negative return on equity of 30.16% and a negative net margin of 122.90%. The business had revenue of $27.73 million during the quarter. On average, equities research analysts predict that Net Lease Office Properties will post 2.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a “buy” rating and issued a $46.00 target price on shares of Net Lease Office Properties in a research report on Thursday, March 6th.

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.