K2 Principal Fund L.P. Decreases Stake in Net Lease Office Properties (NYSE:NLOP)

K2 Principal Fund L.P. lessened its stake in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 134,275 shares of the company's stock after selling 11,212 shares during the period. 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 large investors also recently bought and sold shares of the stock. Wealthcare Advisory Partners LLC boosted 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 acquiring an additional 346 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Net Lease Office Properties during the fourth quarter valued at $401,000. Barclays PLC boosted 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 valued at $611,000 after purchasing an additional 11,341 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Net Lease Office Properties by 9.2% during the 4th 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. Finally, JPMorgan Chase & Co. raised its stake in shares of Net Lease Office Properties by 42.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 39,587 shares of the company's stock valued at $1,212,000 after buying an additional 11,707 shares during the last quarter. Hedge funds and other institutional investors own 58.33% of the company's stock.

Wall Street Analysts Forecast Growth

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

Net Lease Office Properties Stock Performance

NLOP opened at $30.27 on Friday. The firm has a fifty day moving average price of $29.87 and a 200 day moving average price of $30.88. Net Lease Office Properties has a 1 year low of $22.36 and a 1 year high of $34.38. The stock has a market cap of $448.42 million, a P/E ratio of -4.89 and a beta of 1.03. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.95 and a quick ratio of 1.95.

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 (EPS) 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 firm had revenue of $27.73 million for the quarter. Equities research analysts anticipate that Net Lease Office Properties will post 2.64 earnings per share for the current year.

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.

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