Net Lease Office Properties (NYSE:NLOP) Stock Rating Upgraded by Wall Street Zen

Net Lease Office Properties (NYSE:NLOP) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Net Lease Office Properties in a research note on Monday, December 29th. One 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 currently has an average rating of “Hold” and an average price target of $46.00.

Net Lease Office Properties Trading Down 2.3%

NLOP stock opened at $13.65 on Friday. Net Lease Office Properties has a 52 week low of $12.76 and a 52 week high of $34.53. The company has a market capitalization of $202.14 million, a PE ratio of -1.39 and a beta of 0.81. The company’s 50-day simple moving average is $19.77 and its 200 day simple moving average is $25.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07.

Institutional Trading of Net Lease Office Properties

Several institutional investors and hedge funds have recently modified their holdings of NLOP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Net Lease Office Properties by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,839 shares of the company’s stock valued at $277,000 after acquiring an additional 390 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Net Lease Office Properties by 20.0% in the 2nd quarter. Allworth Financial LP now owns 2,392 shares of the company’s stock valued at $78,000 after purchasing an additional 399 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Net Lease Office Properties by 14.0% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 3,404 shares of the company’s stock valued at $111,000 after purchasing an additional 418 shares during the last quarter. Resona Asset Management Co. Ltd. grew its holdings in shares of Net Lease Office Properties by 8.9% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 6,400 shares of the company’s stock valued at $188,000 after purchasing an additional 525 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Net Lease Office Properties by 8.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,471 shares of the company’s stock worth $220,000 after purchasing an additional 556 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors.

About Net Lease Office Properties

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.