Net Lease Office Properties (NYSE:NLOP) Coverage Initiated at BWS Financial

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

Net Lease Office Properties Stock Performance

Shares of NLOP stock opened at $24.82 on Friday. Net Lease Office Properties has a fifty-two week low of $9.50 and a fifty-two week high of $50.00. The business’s 50-day simple moving average is $20.87.

Net Lease Office Properties Announces Dividend

The business also recently disclosed a — dividend, which was paid on Monday, January 29th. Stockholders of record on Monday, December 18th were paid a dividend of $0.34 per share. The ex-dividend date was Friday, December 15th.

Hedge Funds Weigh In On Net Lease Office Properties

Several hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC acquired a new stake in Net Lease Office Properties during the 4th quarter worth about $586,000. Nomura Asset Management Co. Ltd. acquired a new stake in Net Lease Office Properties in the fourth quarter valued at approximately $299,000. TCW Group Inc. purchased a new stake in shares of Net Lease Office Properties in the fourth quarter valued at approximately $1,062,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Net Lease Office Properties during the 4th quarter worth approximately $196,000. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of Net Lease Office Properties during the 4th quarter valued at approximately $137,000.

Net Lease Office Properties Company Profile

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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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