Net Lease Office Properties (NYSE:NLOP) Short Interest Update

Key Points

• Net Lease Office Properties (NYSE:NLOP) experienced a 30.7% decrease in short interest during July, dropping from 314,700 shares to 218,100 shares.
• Institutional investors now hold 58.33% of NLOP's stock, with notable increases from several firms in the second quarter.
• The company announced a special dividend of $3.10 per share to be paid on September 3rd, benefiting investors of record as of August 18th.

Net Lease Office Properties (NYSE:NLOP - Get Free Report) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 218,100 shares, adecreaseof30.7% from the July 15th total of 314,700 shares. Approximately1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 70,000 shares, the short-interest ratio is currently 3.1 days. Based on an average daily trading volume, of 70,000 shares, the short-interest ratio is currently 3.1 days. Approximately1.5% of the shares of the company are sold short.

Hedge Funds Weigh In On Net Lease Office Properties

A number of large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Net Lease Office Properties by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,839 shares of the company's stock worth $277,000 after buying an additional 390 shares in the last quarter. Allworth Financial LP increased its stake in Net Lease Office Properties by 20.0% in the 2nd quarter. Allworth Financial LP now owns 2,392 shares of the company's stock valued at $78,000 after purchasing an additional 399 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in Net Lease Office Properties by 14.0% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 3,404 shares of the company's stock valued at $111,000 after purchasing an additional 418 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Net Lease Office Properties by 2.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 21,356 shares of the company's stock valued at $695,000 after purchasing an additional 448 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. increased its stake in Net Lease Office Properties by 8.0% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 6,455 shares of the company's stock valued at $203,000 after purchasing an additional 478 shares in the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

Net Lease Office Properties Stock Performance

Shares of NLOP stock traded up $0.5050 during trading hours on Friday, reaching $29.9950. 87,355 shares of the company's stock were exchanged, compared to its average volume of 153,983. The company has a market cap of $444.23 million, a P/E ratio of -2.82 and a beta of 0.84. The company's 50 day moving average is $32.79 and its two-hundred day moving average is $31.37. Net Lease Office Properties has a 1 year low of $26.10 and a 1 year high of $34.53. 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 Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be paid a dividend of $3.10 per share.

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.