BWS Financial Reiterates Buy Rating for Net Lease Office Properties (NYSE:NLOP)

Net Lease Office Properties (NYSE:NLOP)‘s stock had its “buy” rating reiterated by equities researchers at BWS Financial in a research note issued on Thursday,Benzinga reports. They presently have a $46.00 target price on the stock. BWS Financial’s price objective would suggest a potential upside of 45.87% from the company’s previous close.

Net Lease Office Properties Trading Up 0.5 %

Net Lease Office Properties stock opened at $31.54 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market cap of $467.16 million, a price-to-earnings ratio of -5.09 and a beta of 0.88. Net Lease Office Properties has a 1 year low of $22.16 and a 1 year high of $34.38. The firm’s 50 day moving average price is $31.52 and its two-hundred day moving average price is $31.08.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NLOP. Wealth Enhancement Advisory Services LLC acquired a new position in Net Lease Office Properties in the third quarter worth approximately $217,000. Verdence Capital Advisors LLC purchased a new position in Net Lease Office Properties during the 3rd quarter worth approximately $389,000. GSA Capital Partners LLP purchased a new position in Net Lease Office Properties during the 3rd quarter worth approximately $376,000. Charles Schwab Investment Management Inc. grew its position in Net Lease Office Properties by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 126,828 shares of the company’s stock worth $3,883,000 after purchasing an additional 2,444 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in 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. Institutional investors and hedge funds own 58.33% of the company’s stock.

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.