Net Lease Office Properties (NYSE:NLOP) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its stake in shares of Net Lease Office Properties (NYSE:NLOP) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,873 shares of the company’s stock after selling 884 shares during the quarter. Corient Private Wealth LLC owned about 0.06% of Net Lease Office Properties worth $276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NLOP. State Street Corp increased its stake in Net Lease Office Properties by 1.7% during the 3rd quarter. State Street Corp now owns 399,647 shares of the company’s stock valued at $12,237,000 after purchasing an additional 6,731 shares in the last quarter. Anson Funds Management LP grew its holdings 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 valued at $5,251,000 after buying an additional 54,552 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Net Lease Office Properties by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 127,521 shares of the company’s stock valued at $3,980,000 after buying an additional 693 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Net Lease Office Properties by 1.5% in the 4th quarter. SG Americas Securities LLC now owns 107,626 shares of the company’s stock valued at $3,359,000 after acquiring an additional 1,554 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in 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 acquiring an additional 11,707 shares during the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

Net Lease Office Properties Stock Performance

Shares of NYSE NLOP opened at $31.41 on Tuesday. The company has a 50 day simple moving average of $31.56 and a two-hundred day simple moving average of $31.19. The stock has a market cap of $465.23 million, a price-to-earnings ratio of -5.07 and a beta of 0.88. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.38. Net Lease Office Properties has a 12 month low of $22.16 and a 12 month high of $34.38.

Net Lease Office Properties (NYSE:NLOP) last posted its 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 net margin of 122.90% and a negative return on equity of 30.16%. The business had revenue of $27.73 million for the quarter. As a group, analysts predict that Net Lease Office Properties will post 2.64 earnings per share for the current year.

Analysts Set New Price Targets

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

Net Lease Office Properties Company 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.