NYSE:NLOP

Net Lease Office Properties (NLOP) Stock Price, News & Analysis

$24.05
+0.29 (+1.22%)
(As of 05/16/2024 ET)
Today's Range
$23.64
$24.21
50-Day Range
$22.26
$24.81
52-Week Range
$9.50
$50.00
Volume
112,171 shs
Average Volume
242,390 shs
Market Capitalization
$355.58 million
P/E Ratio
N/A
Dividend Yield
1.41%
Price Target
$60.00

Net Lease Office Properties MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
91.3% Upside
$46.00 Price Target
Short Interest
Healthy
4.29% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.95mentions of Net Lease Office Properties in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$50,018 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.69 out of 5 stars

Finance Sector

415th out of 882 stocks

Real Estate Investment Trusts Industry

77th out of 184 stocks

NLOP stock logo

About Net Lease Office Properties Stock (NYSE:NLOP)

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. The portfolio consists of 62 corporate tenants operating in a variety of industries, generating annualized based rent (ABR) of approximately $145 million. NLOP's business plan is to focus on realizing value for its shareholders primarily through strategic asset management and disposition of its property portfolio over time. Given WPC's extensive knowledge of the portfolio, NLOP is externally managed and advised by wholly owned affiliates of WPC to successfully execute on its business strategy. Over the course of its 50-year history, WPC has developed significant expertise in the single-tenant office real estate sector, including the operation, leasing, acquisition and development of assets through many market cycles, and has a proven track record of execution.

NLOP Stock Price History

NLOP Stock News Headlines

Net Lease Office Properties - Special Situation
Regional Realty Firm To Close Verona Office
Net Lease Office Properties: Liquidation Analysis
Net Lease Office Properties: Too Cheap To Ignore
Buy Rating on NLOP: Undervalued Office Properties Poised for Growth
See More Headlines
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Company Calendar

Today
5/16/2024
Next Earnings (Estimated)
8/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$46.00
High Stock Price Target
$46.00
Low Stock Price Target
$46.00
Potential Upside/Downside
+149.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$176.31 million
Cash Flow
$0.83 per share
Book Value
$44.07 per share

Miscellaneous

Free Float
N/A
Market Cap
$355.58 million
Optionable
Optionable
Beta
N/A
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NLOP Stock Analysis - Frequently Asked Questions

Should I buy or sell Net Lease Office Properties stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Net Lease Office Properties in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" NLOP shares.
View NLOP analyst ratings
or view top-rated stocks.

What is Net Lease Office Properties' stock price target for 2024?

1 analysts have issued 1 year price objectives for Net Lease Office Properties' shares. Their NLOP share price targets range from $46.00 to $46.00. On average, they predict the company's stock price to reach $46.00 in the next twelve months. This suggests a possible upside of 91.3% from the stock's current price.
View analysts price targets for NLOP
or view top-rated stocks among Wall Street analysts.

How have NLOP shares performed in 2024?

Net Lease Office Properties' stock was trading at $18.48 at the start of the year. Since then, NLOP shares have increased by 30.1% and is now trading at $24.05.
View the best growth stocks for 2024 here
.

Are investors shorting Net Lease Office Properties?

Net Lease Office Properties saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 683,300 shares, an increase of 56.3% from the March 31st total of 437,300 shares. Based on an average daily volume of 229,700 shares, the days-to-cover ratio is currently 3.0 days. Currently, 4.7% of the shares of the company are short sold.
View Net Lease Office Properties' Short Interest
.

When is Net Lease Office Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, August 9th 2024.
View our NLOP earnings forecast
.

How often does Net Lease Office Properties pay dividends? What is the dividend yield for Net Lease Office Properties?

Net Lease Office Properties announced a -- dividend on Friday, December 8th. Stockholders of record on Monday, December 18th will be given a dividend of $0.34 per share on Monday, January 29th. The ex-dividend date is Friday, December 15th.
Read our dividend analysis for NLOP
.

Is Net Lease Office Properties a good dividend stock?

Net Lease Office Properties (NYSE:NLOP) pays an annual dividend of $0.34 per share and currently has a dividend yield of 1.42%.
Read our dividend analysis for NLOP.

What ETF holds Net Lease Office Properties' stock?

VanEck Office and Commercial REIT ETF holds 363 shares of NLOP stock, representing 0.83% of its portfolio.

Who are Net Lease Office Properties' major shareholders?

Net Lease Office Properties' stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.22%), Long Pond Capital LP (5.83%), Ursa Fund Management LLC (0.80%), K2 Principal Fund L.P. (0.74%), SG Americas Securities LLC (0.71%) and Commonwealth Equity Services LLC (0.43%).
View institutional ownership trends
.

How do I buy shares of Net Lease Office Properties?

Shares of NLOP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:NLOP) was last updated on 5/17/2024 by MarketBeat.com Staff

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