Net Lease Office Properties’ (NLOP) Buy Rating Reiterated at BWS Financial

BWS Financial reaffirmed their buy rating on shares of Net Lease Office Properties (NYSE:NLOP) in a research report report published on Thursday,Benzinga reports. The brokerage currently has a $46.00 price objective on the stock.

Net Lease Office Properties Price Performance

Shares of NYSE:NLOP opened at $30.94 on Thursday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.38. The business’s fifty day moving average price is $30.59 and its two-hundred day moving average price is $27.76. Net Lease Office Properties has a fifty-two week low of $15.21 and a fifty-two week high of $32.94.

Institutional Investors Weigh In On Net Lease Office Properties

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Net Lease Office Properties by 2.0% in the first quarter. Vanguard Group Inc. now owns 1,509,945 shares of the company’s stock valued at $35,937,000 after buying an additional 30,237 shares in the last quarter. State Street Corp boosted its holdings in shares of Net Lease Office Properties by 1.7% in the 3rd quarter. State Street Corp now owns 399,647 shares of the company’s stock worth $12,237,000 after acquiring an additional 6,731 shares in the last quarter. Anson Funds Management LP grew its position in Net Lease Office Properties by 46.6% during the 3rd quarter. Anson Funds Management LP now owns 171,505 shares of the company’s stock worth $5,251,000 after acquiring an additional 54,552 shares during the last quarter. Meros Investment Management LP increased its holdings in Net Lease Office Properties by 68.5% during the 2nd quarter. Meros Investment Management LP now owns 152,052 shares of the company’s stock valued at $3,744,000 after purchasing an additional 61,818 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Net Lease Office Properties by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 126,828 shares of the company’s stock valued at $3,883,000 after purchasing an additional 2,444 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

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.