Net Lease Office Properties (NYSE:NLOP) Stock Price Up 0.6% – Should You Buy?

Net Lease Office Properties (NYSE:NLOP) shares were up 0.6% on Monday . The stock traded as high as $20.17 and last traded at $20.1150. Approximately 135,818 shares traded hands during trading, a decline of 19% from the average daily volume of 167,173 shares. The stock had previously closed at $20.00.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Net Lease Office Properties in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $46.00.

Net Lease Office Properties Trading Up 0.6%

The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $297.90 million, a PE ratio of -1.65 and a beta of 0.80. The stock’s fifty day simple moving average is $26.65 and its 200 day simple moving average is $29.37.

Net Lease Office Properties (NYSE:NLOP) last posted its quarterly earnings data on Friday, November 7th. The company reported ($4.33) EPS for the quarter. Net Lease Office Properties had a negative return on equity of 34.31% and a negative net margin of 156.16%.The company had revenue of $29.78 million during the quarter. On average, sell-side analysts predict that Net Lease Office Properties will post 2.64 earnings per share for the current year.

Net Lease Office Properties Increases Dividend

The business also recently declared a special dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Friday, January 2nd will be given a $5.10 dividend. The ex-dividend date is Friday, January 2nd. This is a positive change from Net Lease Office Properties’s previous special dividend of $4.10.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Ameritas Advisory Services LLC bought a new stake in Net Lease Office Properties during the 2nd quarter worth approximately $26,000. Laurel Wealth Advisors LLC boosted its holdings in Net Lease Office Properties by 3,157.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 847 shares of the company’s stock worth $26,000 after buying an additional 821 shares during the period. FNY Investment Advisers LLC bought a new position in Net Lease Office Properties in the 3rd quarter worth $44,000. Jones Financial Companies Lllp increased its stake in Net Lease Office Properties by 498.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,407 shares of the company’s stock worth $44,000 after buying an additional 1,172 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Net Lease Office Properties by 66.8% during the second quarter. BNP Paribas Financial Markets now owns 1,448 shares of the company’s stock valued at $47,000 after acquiring an additional 580 shares during the period. 58.33% of the stock is currently owned by institutional investors.

Net Lease Office Properties Company Profile

Net Lease Office Properties (NYSE:NLOP) is a real estate investment trust organized to acquire and manage single-tenant office properties subject to long-term net leases. The company seeks to generate stable, contracting cash flows by entering into sale-leaseback transactions and investment-grade lease agreements with corporate tenants. NLOP’s portfolio is intended to provide investors with exposure to a diversified base of office assets while retaining the structural benefits of net lease arrangements.

The REIT’s business model centers on acquiring office buildings that are leased to creditworthy tenants under triple-net leases, whereby the tenant is responsible for property taxes, insurance and maintenance.