Gate City Capital Management LLC Sells 40,368 Shares of Net Lease Office Properties (NYSE:NLOP)

Gate City Capital Management LLC decreased its position in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 28.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,437 shares of the company's stock after selling 40,368 shares during the quarter. Net Lease Office Properties accounts for approximately 1.9% of Gate City Capital Management LLC's investment portfolio, making the stock its 13th largest position. Gate City Capital Management LLC owned 0.68% of Net Lease Office Properties worth $3,135,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Barclays PLC boosted its position in 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 buying an additional 11,341 shares in the last quarter. JPMorgan Chase & Co. raised its position in Net Lease Office Properties by 42.0% in the third 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 last quarter. Wealthcare Advisory Partners LLC boosted its stake in shares of 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 valued at $392,000 after purchasing an additional 346 shares in the last quarter. SG Americas Securities LLC boosted its stake 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 valued at $3,359,000 after purchasing an additional 1,554 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings 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 purchasing an additional 451 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Net Lease Office Properties Trading Up 0.1%

Shares of NYSE NLOP traded up $0.04 during midday trading on Wednesday, reaching $30.20. The stock had a trading volume of 46,140 shares, compared to its average volume of 157,050. 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 firm has a market cap of $447.38 million, a price-to-earnings ratio of -4.88 and a beta of 1.03. The company's 50 day moving average price is $29.82 and its 200 day moving average price is $30.89. Net Lease Office Properties has a twelve month low of $22.36 and a twelve month high of $34.38.

Net Lease Office Properties (NYSE:NLOP - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($2.42) EPS for the quarter. The firm had revenue of $27.73 million during the quarter. Net Lease Office Properties had a negative net margin of 122.90% and a negative return on equity of 30.16%. As a group, sell-side analysts expect that Net Lease Office Properties will post 2.64 EPS for the current year.

Wall Street Analyst Weigh In

Separately, BWS Financial reiterated 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 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.