Cubist Systematic Strategies LLC Sells 70,525 Shares of Net Lease Office Properties (NYSE:NLOP)

Cubist Systematic Strategies LLC cut its holdings in Net Lease Office Properties (NYSE:NLOP - Free Report) by 81.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,554 shares of the company's stock after selling 70,525 shares during the quarter. Cubist Systematic Strategies LLC owned 0.11% of Net Lease Office Properties worth $485,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC grew its holdings in Net Lease Office Properties by 2.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 12,569 shares of the company's stock worth $392,000 after buying an additional 346 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Net Lease Office Properties during the fourth quarter worth $401,000. Barclays PLC grew its stake in 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 purchasing an additional 11,341 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Net Lease Office Properties by 9.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company's stock valued at $166,000 after purchasing an additional 451 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Net Lease Office Properties by 42.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 39,587 shares of the company's stock valued at $1,212,000 after purchasing an additional 11,707 shares during the period. 58.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a "buy" rating and issued a $46.00 price objective on shares of Net Lease Office Properties in a research note on Thursday, March 6th.

Net Lease Office Properties Stock Performance

Shares of NYSE NLOP traded up $0.21 during trading on Thursday, reaching $30.80. 13,981 shares of the stock traded hands, compared to its average volume of 155,190. Net Lease Office Properties has a 52-week low of $22.36 and a 52-week high of $34.38. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.95 and a quick ratio of 1.95. The company has a 50-day moving average of $29.78 and a 200-day moving average of $30.89. The stock has a market capitalization of $456.20 million, a P/E ratio of -4.97 and a beta of 1.03.

Net Lease Office Properties (NYSE:NLOP - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($2.42) earnings per share (EPS) for the quarter. The company 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%. Analysts forecast that Net Lease Office Properties will post 2.64 EPS 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.