Commonwealth Equity Services LLC Cuts Position in Net Lease Office Properties (NYSE:NLOP)

Commonwealth Equity Services LLC reduced its holdings in shares of Net Lease Office Properties (NYSE:NLOP) by 13.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,478 shares of the company’s stock after selling 6,675 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Net Lease Office Properties were worth $1,388,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NLOP. Wealthcare Advisory Partners LLC grew its stake in shares of Net Lease Office Properties by 2.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 12,569 shares of the company’s stock valued at $392,000 after buying an additional 346 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Net Lease Office Properties by 9.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company’s stock valued at $166,000 after acquiring an additional 451 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Net Lease Office Properties by 12.6% in the third quarter. Daiwa Securities Group Inc. now owns 4,952 shares of the company’s stock valued at $152,000 after acquiring an additional 556 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Net Lease Office Properties by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 127,521 shares of the company’s stock valued at $3,980,000 after purchasing an additional 693 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Net Lease Office Properties by 1.5% during the fourth quarter. SG Americas Securities LLC now owns 107,626 shares of the company’s stock worth $3,359,000 after purchasing an additional 1,554 shares in 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 reaffirmed a “buy” rating and set a $46.00 price target on shares of Net Lease Office Properties in a report on Thursday, March 6th.

Net Lease Office Properties Stock Down 0.4 %

Shares of NYSE NLOP opened at $31.54 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.95 and a current ratio of 1.95. Net Lease Office Properties has a 1 year low of $22.16 and a 1 year high of $34.38. The stock’s 50-day simple moving average is $31.56 and its 200-day simple moving average is $31.18. The firm has a market cap of $467.20 million, a price-to-earnings ratio of -5.09 and a beta of 0.88.

Net Lease Office Properties (NYSE:NLOP) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($2.42) earnings per share (EPS) for the quarter. The business had revenue of $27.73 million for the quarter. Net Lease Office Properties had a negative return on equity of 30.16% and a negative net margin of 122.90%. As a group, equities analysts anticipate that Net Lease Office Properties will post 2.64 earnings per share for the current fiscal year.

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.