Net Lease Office Properties (NYSE:NLOP – Get Free Report) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 1,720,000 shares, an increase of 20.3% from the June 30th total of 1,430,000 shares. Approximately 11.7% of the company’s stock are sold short. Based on an average trading volume of 252,700 shares, the days-to-cover ratio is presently 6.8 days.
Net Lease Office Properties Price Performance
NYSE:NLOP traded down $0.15 during trading hours on Friday, reaching $28.75. The company’s stock had a trading volume of 398,787 shares, compared to its average volume of 337,510. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a 50 day moving average price of $24.66 and a two-hundred day moving average price of $24.27. Net Lease Office Properties has a 12 month low of $9.50 and a 12 month high of $50.00.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in NLOP. LRI Investments LLC bought a new position in Net Lease Office Properties in the first quarter worth about $28,000. PNC Financial Services Group Inc. acquired a new stake in Net Lease Office Properties in the fourth quarter valued at approximately $27,000. Russell Investments Group Ltd. purchased a new position in Net Lease Office Properties in the fourth quarter worth $29,000. South Dakota Investment Council acquired a new position in shares of Net Lease Office Properties during the fourth quarter worth $30,000. Finally, Spirit of America Management Corp NY purchased a new stake in shares of Net Lease Office Properties during the 4th quarter valued at $34,000. 58.33% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on Net Lease Office Properties
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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