Net Lease Office Properties' (NLOP) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Net Lease Office Properties (NLOP) has had its "sell (D-)" rating reaffirmed by Weiss Ratings, reflecting ongoing concerns about the company's performance.
• The company's stock recently traded at $29.36, with a significant debt-to-equity ratio of 0.23 and a market capitalization of $434.82 million.
• Institutional investors hold 58.33% of NLOP's shares, with notable increases in holdings from several firms during the second quarter of this year.

Net Lease Office Properties (NYSE:NLOP - Get Free Report)'s stock had its "sell (d-)" rating reissued by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Net Lease Office Properties Stock Performance

NYSE:NLOP traded up $0.02 during trading hours on Wednesday, hitting $29.36. 6,263 shares of the company were exchanged, compared to its average volume of 110,677. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.29 and a quick ratio of 1.29. Net Lease Office Properties has a 52-week low of $26.10 and a 52-week high of $34.53. The company's 50 day moving average price is $30.37 and its 200-day moving average price is $30.89. The stock has a market capitalization of $434.82 million, a price-to-earnings ratio of -2.76 and a beta of 0.79.

Insider Activity

In related news, Director Richard J. Pinola purchased 1,012 shares of Net Lease Office Properties stock in a transaction dated Wednesday, September 24th. The shares were acquired at an average price of $29.49 per share, for a total transaction of $29,843.88. Following the acquisition, the director directly owned 13,221 shares in the company, valued at approximately $389,887.29. The trade was a 8.29% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.65% of the stock is owned by company insiders.

Hedge Funds Weigh In On Net Lease Office Properties

Institutional investors have recently bought and sold shares of the company. Marex Group plc purchased a new stake in shares of Net Lease Office Properties in the second quarter valued at about $1,015,000. Geneos Wealth Management Inc. lifted its position in Net Lease Office Properties by 868.9% in the second quarter. Geneos Wealth Management Inc. now owns 3,459 shares of the company's stock valued at $113,000 after purchasing an additional 3,102 shares during the period. Tower Research Capital LLC TRC lifted its position in Net Lease Office Properties by 198.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,712 shares of the company's stock valued at $56,000 after purchasing an additional 1,139 shares during the period. BNP Paribas Financial Markets boosted its holdings in Net Lease Office Properties by 66.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,448 shares of the company's stock valued at $47,000 after purchasing an additional 580 shares in the last quarter. Finally, Gabelli Funds LLC increased its position in Net Lease Office Properties by 20.8% during the 2nd quarter. Gabelli Funds LLC now owns 143,687 shares of the company's stock worth $4,677,000 after purchasing an additional 24,698 shares during the period. 58.33% of the stock is owned by institutional investors and hedge funds.

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.

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