Net Lease Office Properties (NYSE:NLOP) Shares Down 1.3% – Should You Sell?

Net Lease Office Properties (NYSE:NLOP)’s share price fell 1.3% on Tuesday. The company traded as low as $9.39 and last traded at $9.4050. Approximately 159,839 shares were traded during trading, The stock had previously closed at $9.53.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Net Lease Office Properties in a research note on Friday, August 7th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Net Lease Office Properties presently has a consensus rating of “Sell”.

Net Lease Office Properties Stock Performance

The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $10.40 and a 200-day moving average of $12.77. The stock has a market capitalization of $134.97 million, a price-to-earnings ratio of -2.98 and a beta of 0.64.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NLOP. Public Employees Retirement System of Ohio acquired a new stake in shares of Net Lease Office Properties during the 2nd quarter worth approximately $198,000. Bank of America Corp DE purchased a new position in shares of Net Lease Office Properties during the 2nd quarter valued at approximately $251,000. Bluefin Capital Management LLC acquired a new position in shares of Net Lease Office Properties in the 2nd quarter valued at $278,000. Man Group plc acquired a new position in shares of Net Lease Office Properties in the 2nd quarter valued at $1,156,000. Finally, Allworth Financial LP acquired a new position in shares of Net Lease Office Properties in the 2nd quarter valued at $28,000. 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 real estate investment trust that owns and manages a portfolio of office properties. The company’s properties are generally leased to commercial tenants under net lease arrangements, in which tenants typically assume responsibility for many property-related expenses, including taxes, insurance and maintenance.

NLOP’s portfolio is focused primarily on office buildings in the United States and Europe. Its activities include leasing and managing properties, overseeing tenant relationships and pursuing strategies to enhance the performance of its real estate investments.