Net Lease Office Properties (NYSE:NLOP) Now Covered by BWS Financial

BWS Financial assumed coverage on shares of Net Lease Office Properties (NYSE:NLOPFree Report) in a research report sent to investors on Friday morning, Marketbeat reports. The firm issued a buy rating and a $60.00 target price on the stock.

Net Lease Office Properties Stock Performance

Shares of NYSE:NLOP opened at $24.82 on Friday. The company has a 50 day moving average price of $20.87. Net Lease Office Properties has a fifty-two week low of $9.50 and a fifty-two week high of $50.00.

Net Lease Office Properties Dividend Announcement

The company also recently declared a — dividend, which was paid on Monday, January 29th. Stockholders of record on Monday, December 18th were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, December 15th.

Institutional Trading of Net Lease Office Properties

Several hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. bought a new stake in shares of Net Lease Office Properties in the fourth quarter worth about $27,000. Russell Investments Group Ltd. bought a new stake in Net Lease Office Properties during the 4th quarter worth approximately $29,000. South Dakota Investment Council acquired a new stake in Net Lease Office Properties during the 4th quarter worth approximately $30,000. Spirit of America Management Corp NY bought a new position in Net Lease Office Properties in the fourth quarter valued at approximately $34,000. Finally, Allworth Financial LP acquired a new position in shares of Net Lease Office Properties in the fourth quarter valued at approximately $41,000.

About Net Lease Office Properties

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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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