Net Lease Office Properties (NYSE:NLOP) Shares Sold by Anson Funds Management LP

Anson Funds Management LP cut its stake in shares of Net Lease Office Properties (NYSE:NLOP) by 27.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 124,953 shares of the company’s stock after selling 46,552 shares during the period. Anson Funds Management LP’s holdings in Net Lease Office Properties were worth $3,900,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of Net Lease Office Properties by 132.1% in the third 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. JPMorgan Chase & Co. boosted its stake in 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. Wealthcare Advisory Partners LLC grew its position in 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 last quarter. SG Americas Securities LLC increased its stake in Net Lease Office Properties by 1.5% in the fourth quarter. SG Americas Securities LLC now owns 107,626 shares of the company’s stock valued at $3,359,000 after purchasing an additional 1,554 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Net Lease Office Properties by 9.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company’s stock worth $166,000 after buying an additional 451 shares during the period. Institutional investors and hedge funds own 58.33% of the company’s stock.

Net Lease Office Properties Price Performance

Net Lease Office Properties stock opened at $30.61 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.38. The firm’s 50-day simple moving average is $30.05 and its 200 day simple moving average is $30.89. The firm has a market capitalization of $453.44 million, a PE ratio of -4.94 and a beta of 0.96. Net Lease Office Properties has a 52 week low of $22.36 and a 52 week high of $34.38.

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

Analyst Upgrades and Downgrades

Separately, BWS Financial reissued a “buy” rating and issued a $46.00 price target on shares of Net Lease Office Properties in a report on Thursday, March 6th.

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.