K2 Principal Fund L.P. Sells 11,212 Shares of Net Lease Office Properties (NYSE:NLOP)

K2 Principal Fund L.P. lessened its position in Net Lease Office Properties (NYSE:NLOP - Free Report) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 134,275 shares of the company's stock after selling 11,212 shares during the quarter. K2 Principal Fund L.P. owned approximately 0.91% of Net Lease Office Properties worth $4,191,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NLOP. KLP Kapitalforvaltning AS purchased a new stake in Net Lease Office Properties during the 4th quarter valued at approximately $76,000. Tower Research Capital LLC TRC grew its position in shares of Net Lease Office Properties by 113.9% in the fourth 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 acquired a new position in Net Lease Office Properties in the fourth quarter valued at $161,000. Mirae Asset Global Investments Co. Ltd. boosted 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 acquiring an additional 451 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of Net Lease Office Properties during the fourth quarter worth about $184,000. Hedge funds and other institutional investors own 58.33% of the company's stock.

Net Lease Office Properties Price Performance

NYSE NLOP traded down $0.14 on Friday, reaching $30.27. 64,653 shares of the stock traded hands, compared to its average volume of 156,271. The firm's fifty day simple moving average is $29.78 and its 200 day simple moving average is $30.88. 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 company has a market cap of $448.42 million, a price-to-earnings ratio of -4.89 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.

Net Lease Office Properties (NYSE:NLOP - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($2.42) EPS for the quarter. The company had revenue of $27.73 million for 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, research analysts predict that Net Lease Office Properties will post 2.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a "buy" rating and issued a $46.00 price objective 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.