Net Lease Office Properties (NYSE:NLOP) Short Interest Down 47.2% in February

Net Lease Office Properties (NYSE:NLOP) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 329,300 shares, a decrease of 47.2% from the January 31st total of 623,900 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average daily trading volume, of 135,000 shares, the days-to-cover ratio is presently 2.4 days.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a “buy” rating and issued a $46.00 target price on shares of Net Lease Office Properties in a research report on Thursday, November 14th.

Institutional Trading of Net Lease Office Properties

Institutional investors have recently bought and sold shares of the company. Wealthcare Advisory Partners LLC grew its position in Net Lease Office Properties by 2.8% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 12,569 shares of the company’s stock valued at $392,000 after purchasing an additional 346 shares during the last quarter. DRW Securities LLC purchased a new stake in Net Lease Office Properties during the 3rd quarter valued at about $976,000. Barclays PLC grew its position 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 purchasing an additional 11,341 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position 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 purchasing an additional 451 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Net Lease Office Properties by 42.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 39,587 shares of the company’s stock valued at $1,212,000 after purchasing 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 Trading Up 2.1 %

Shares of NYSE:NLOP traded up $0.68 during midday trading on Friday, reaching $32.41. The company’s stock had a trading volume of 92,607 shares, compared to its average volume of 179,787. Net Lease Office Properties has a 12-month low of $22.16 and a 12-month high of $34.38. The firm has a 50 day moving average of $31.42 and a 200-day moving average of $31.03. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.38.

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.