12,858 Shares in Net Lease Office Properties (NYSE:NLOP) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in Net Lease Office Properties (NYSE:NLOP) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,858 shares of the company’s stock, valued at approximately $401,000. Proficio Capital Partners LLC owned approximately 0.09% of Net Lease Office Properties as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of Net Lease Office Properties in the fourth quarter valued at approximately $498,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Net Lease Office Properties during the fourth quarter worth $161,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of 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 purchasing an additional 451 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Net Lease Office Properties by 1.5% during the fourth quarter. SG Americas Securities LLC now owns 107,626 shares of the company’s stock worth $3,359,000 after purchasing an additional 1,554 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of Net Lease Office Properties by 2.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 12,569 shares of the company’s stock worth $392,000 after purchasing an additional 346 shares during the period. 58.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Net Lease Office Properties Trading Down 3.3 %

NYSE:NLOP opened at $30.49 on Tuesday. The stock has a fifty day moving average price of $31.51 and a two-hundred day moving average price of $31.10. The stock has a market capitalization of $451.74 million, a price-to-earnings ratio of -4.93 and a beta of 0.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.95 and a current ratio of 1.95. 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 released its quarterly earnings data 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%. As a group, sell-side analysts anticipate that Net Lease Office Properties will post 2.64 earnings per share for the current fiscal year.

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.