JPMorgan Chase & Co. Acquires 22,454 Shares of Net Lease Office Properties (NYSE:NLOP)

JPMorgan Chase & Co. raised its holdings in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 56.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,041 shares of the company's stock after acquiring an additional 22,454 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.42% of Net Lease Office Properties worth $1,936,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in NLOP. Wealthcare Advisory Partners LLC grew its stake in Net Lease Office Properties by 2.8% in 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. Proficio Capital Partners LLC bought a new stake in shares of Net Lease Office Properties in the 4th quarter valued at approximately $401,000. Barclays PLC increased its holdings in Net Lease Office Properties by 132.1% in the third quarter. Barclays PLC now owns 19,927 shares of the company's stock worth $611,000 after buying an additional 11,341 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position 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 valued at $166,000 after acquiring an additional 451 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Net Lease Office Properties in the fourth quarter valued at approximately $498,000. Institutional investors and hedge funds own 58.33% of the company's stock.

Net Lease Office Properties Stock Up 0.4 %

Shares of NYSE:NLOP traded up $0.13 on Wednesday, reaching $30.22. The company had a trading volume of 86,327 shares, compared to its average volume of 165,478. The stock has a market capitalization of $447.68 million, a P/E ratio of -4.88 and a beta of 0.96. The stock has a 50-day moving average price of $30.10 and a 200 day moving average price of $30.90. Net Lease Office Properties has a twelve month low of $22.36 and a twelve month 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.

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

Wall Street Analyst Weigh In

Separately, BWS Financial restated a "buy" rating and set a $46.00 price target 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.