JPMorgan Chase & Co. Boosts Stock Holdings in Net Lease Office Properties (NYSE:NLOP)

JPMorgan Chase & Co. increased its position in shares of Net Lease Office Properties (NYSE:NLOP) by 56.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,041 shares of the company’s stock after buying an additional 22,454 shares during the period. JPMorgan Chase & Co. owned 0.42% of Net Lease Office Properties worth $1,936,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NLOP. Thompson Siegel & Walmsley LLC purchased a new position in shares of Net Lease Office Properties during the 4th quarter valued at approximately $812,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Net Lease Office Properties in the fourth quarter valued at about $498,000. Proficio Capital Partners LLC purchased a new stake in shares of Net Lease Office Properties during the fourth quarter worth about $401,000. Versor Investments LP acquired a new position in shares of Net Lease Office Properties during the 4th quarter worth about $384,000. Finally, Barclays PLC raised its position in shares of Net Lease Office Properties by 132.1% during the 3rd quarter. Barclays PLC now owns 19,927 shares of the company’s stock worth $611,000 after purchasing an additional 11,341 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Net Lease Office Properties Trading Up 1.9 %

Shares of NLOP stock opened at $30.17 on Friday. Net Lease Office Properties has a fifty-two week low of $22.36 and a fifty-two week high of $34.38. 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 stock’s fifty day moving average is $30.30 and its two-hundred day moving average is $30.90. The firm has a market capitalization of $446.94 million, a P/E ratio of -4.87 and a beta of 0.96.

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

Analyst Upgrades and Downgrades

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