Invesco Ltd. Lowers Stock Position in Net Lease Office Properties (NYSE:NLOP)

Invesco Ltd. trimmed its stake in Net Lease Office Properties (NYSE:NLOP - Free Report) by 94.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,144 shares of the company's stock after selling 115,702 shares during the period. Invesco Ltd.'s holdings in Net Lease Office Properties were worth $223,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC raised its holdings in shares of Net Lease Office Properties by 2.8% in the 4th 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 during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in 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 period. Charles Schwab Investment Management Inc. lifted its position 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 worth $3,980,000 after purchasing an additional 693 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Net Lease Office Properties by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 372,442 shares of the company's stock valued at $11,627,000 after purchasing an additional 1,109 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of 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 in the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Net Lease Office Properties Price Performance

NLOP stock opened at $30.61 on Monday. The business's 50-day moving average is $30.05 and its two-hundred day moving average is $30.89. 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 firm has a market capitalization of $453.44 million, a P/E ratio of -4.94 and a beta of 0.96. Net Lease Office Properties has a 1 year low of $22.36 and a 1 year 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) 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 firm had revenue of $27.73 million during the quarter. Analysts anticipate that Net Lease Office Properties will post 2.64 earnings per share for the current fiscal year.

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.

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