Balyasny Asset Management L.P. Sells 9,728 Shares of Net Lease Office Properties (NYSE:NLOP)

Balyasny Asset Management L.P. decreased its position in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 53.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,534 shares of the company's stock after selling 9,728 shares during the quarter. Balyasny Asset Management L.P. owned about 0.06% of Net Lease Office Properties worth $266,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in shares of Net Lease Office Properties in the 4th quarter worth $76,000. Tower Research Capital LLC TRC grew its stake in Net Lease Office Properties by 113.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,515 shares of the company's stock valued at $78,000 after purchasing an additional 1,339 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Net Lease Office Properties during the 4th quarter valued at $161,000. Mirae Asset Global Investments Co. Ltd. raised its stake 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, Resona Asset Management Co. Ltd. purchased a new position in shares of Net Lease Office Properties in the 4th quarter worth about $184,000. 58.33% of the stock is owned by institutional investors and hedge funds.

Net Lease Office Properties Stock Performance

NYSE:NLOP traded down $0.11 during trading hours on Wednesday, reaching $30.54. The stock had a trading volume of 119,922 shares, compared to its average volume of 155,547. The stock has a market cap of $452.42 million, a P/E ratio of -4.93 and a beta of 1.03. Net Lease Office Properties has a 12-month low of $22.36 and a 12-month high of $34.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a 50 day simple moving average of $29.79 and a 200 day simple moving average of $30.89.

Net Lease Office Properties (NYSE:NLOP - Get Free Report) 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, research analysts forecast that Net Lease Office Properties will post 2.64 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.