Net Lease Office Properties (NYSE:NLOP) Earns “Buy” Rating from BWS Financial

Net Lease Office Properties (NYSE:NLOP)‘s stock had its “buy” rating reissued by stock analysts at BWS Financial in a research report issued on Thursday,Benzinga reports. They currently have a $46.00 price target on the stock. BWS Financial’s price target points to a potential upside of 44.63% from the company’s current price.

Net Lease Office Properties Stock Performance

NLOP traded down $0.27 during trading on Thursday, reaching $31.81. The company’s stock had a trading volume of 14,548 shares, compared to its average volume of 169,449. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $31.50 and a two-hundred day simple moving average of $31.07. Net Lease Office Properties has a 1 year low of $22.16 and a 1 year high of $34.38.

Net Lease Office Properties (NYSE:NLOP) last released its quarterly earnings data 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 company had revenue of $27.73 million for the quarter. As a group, analysts predict that Net Lease Office Properties will post 2.64 EPS for the current year.

Hedge Funds Weigh In On Net Lease Office Properties

Several institutional investors and hedge funds have recently bought and sold shares of NLOP. Wealthcare Advisory Partners LLC grew its holdings in shares of 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 worth $392,000 after purchasing an additional 346 shares during the period. DRW Securities LLC purchased a new stake in shares of Net Lease Office Properties in the 3rd quarter valued at approximately $976,000. Barclays PLC raised its stake in shares of Net Lease Office Properties by 132.1% in the 3rd quarter. Barclays PLC now owns 19,927 shares of the company’s stock valued at $611,000 after acquiring an additional 11,341 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of 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 worth $166,000 after purchasing an additional 451 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Net Lease Office Properties by 42.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 39,587 shares of the company’s stock worth $1,212,000 after purchasing an additional 11,707 shares during the period. 58.33% of the stock is currently owned by institutional investors and hedge funds.

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.