J. Goldman & Co LP Lowers Stock Holdings in Net Lease Office Properties (NYSE:NLOP)

J. Goldman & Co LP cut its stake in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 630,734 shares of the company's stock after selling 41,721 shares during the quarter. J. Goldman & Co LP owned about 4.27% of Net Lease Office Properties worth $19,685,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. KLP Kapitalforvaltning AS purchased a new position in Net Lease Office Properties in the fourth quarter valued at about $76,000. Tower Research Capital LLC TRC raised its holdings in Net Lease Office Properties by 113.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,515 shares of the company's stock worth $78,000 after purchasing an additional 1,339 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Net Lease Office Properties during the fourth quarter worth $161,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Net Lease Office Properties by 9.2% in the fourth 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 last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new position in shares of Net Lease Office Properties in the fourth quarter valued at $184,000. Hedge funds and other institutional investors own 58.33% of the company's stock.

Analyst Ratings Changes

Separately, BWS Financial reissued 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 Price Performance

Shares of Net Lease Office Properties stock traded down $0.14 during trading on Friday, hitting $30.27. 64,653 shares of the company were exchanged, compared to its average volume of 156,271. Net Lease Office Properties has a fifty-two week low of $22.36 and a fifty-two week high of $34.38. 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 has a 50 day moving average price of $29.78 and a 200 day moving average price of $30.88. The stock has a market capitalization of $448.42 million, a price-to-earnings ratio of -4.89 and a beta of 1.03.

Net Lease Office Properties (NYSE:NLOP - Get Free Report) last released 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 return on equity of 30.16% and a negative net margin of 122.90%. The company had revenue of $27.73 million for the quarter. On average, equities analysts expect that Net Lease Office Properties will post 2.64 earnings per share for the current fiscal year.

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.