Net Lease Office Properties (NYSE:NLOP) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in Net Lease Office Properties (NYSE:NLOP) by 13.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,478 shares of the company’s stock after selling 6,675 shares during the period. Commonwealth Equity Services LLC owned about 0.30% of Net Lease Office Properties worth $1,388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. increased its stake in shares of Net Lease Office Properties by 12.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,952 shares of the company’s stock worth $152,000 after purchasing an additional 556 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Net Lease Office Properties during the fourth quarter worth $161,000. Mirae Asset Global Investments Co. Ltd. increased its position in Net Lease Office Properties by 9.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company’s stock worth $166,000 after buying an additional 451 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Net Lease Office Properties in the fourth quarter worth $236,000. Finally, MetLife Investment Management LLC lifted its position in shares of Net Lease Office Properties by 115.6% in the third quarter. MetLife Investment Management LLC now owns 9,327 shares of the company’s stock valued at $286,000 after acquiring an additional 5,000 shares in the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Net Lease Office Properties Stock Performance

NYSE:NLOP opened at $31.54 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market cap of $467.20 million, a PE ratio of -5.09 and a beta of 0.88. The firm has a 50 day simple moving average of $31.56 and a 200-day simple moving average of $31.18. Net Lease Office Properties has a 1-year low of $22.16 and a 1-year high of $34.38.

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

Wall Street Analysts Forecast Growth

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

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.