Net Lease Office Properties (NYSE:NLOP) Short Interest Update

Net Lease Office Properties (NYSE:NLOP) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 329,300 shares, a drop 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 currently 2.4 days.

Net Lease Office Properties Stock Up 2.1 %

Net Lease Office Properties stock opened at $32.41 on Friday. Net Lease Office Properties has a fifty-two week low of $22.16 and a fifty-two week high of $34.38. The firm’s 50-day simple moving average is $31.42 and its 200 day simple moving average is $31.01. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.95 and a current ratio of 1.95.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Two Sigma Advisers LP boosted its holdings in Net Lease Office Properties by 12.8% during the fourth quarter. Two Sigma Advisers LP now owns 11,356 shares of the company’s stock worth $354,000 after purchasing an additional 1,291 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in Net Lease Office Properties by 27.6% during the fourth quarter. Point72 Asset Management L.P. now owns 14,500 shares of the company’s stock worth $453,000 after purchasing an additional 3,140 shares during the last quarter. Man Group plc boosted its stake in Net Lease Office Properties by 22.4% in the fourth quarter. Man Group plc now owns 25,789 shares of the company’s stock valued at $805,000 after acquiring an additional 4,713 shares during the last quarter. Millennium Management LLC boosted its stake in Net Lease Office Properties by 13.3% in the fourth quarter. Millennium Management LLC now owns 120,208 shares of the company’s stock valued at $3,752,000 after acquiring an additional 14,108 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Net Lease Office Properties by 64.3% in the fourth quarter. Deutsche Bank AG now owns 13,261 shares of the company’s stock valued at $414,000 after acquiring an additional 5,190 shares during the last quarter. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, BWS Financial reiterated a “buy” rating and set a $46.00 price objective on shares of Net Lease Office Properties in a report on Thursday, November 14th.

About Net Lease Office Properties

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.