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

BWS Financial initiated coverage on shares of Net Lease Office Properties (NYSE:NLOPFree Report) in a report issued on Friday morning, Marketbeat reports. The brokerage 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. Net Lease Office Properties has a 52-week low of $9.50 and a 52-week high of $50.00. The firm has a 50 day moving average price of $20.87.

Net Lease Office Properties Dividend Announcement

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

Hedge Funds Weigh In On Net Lease Office Properties

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. purchased a new position in shares of Net Lease Office Properties in the 4th quarter valued at about $27,000. Russell Investments Group Ltd. acquired a new position in shares of Net Lease Office Properties in the fourth quarter valued at approximately $29,000. South Dakota Investment Council acquired a new position in Net Lease Office Properties during the fourth quarter worth $30,000. Spirit of America Management Corp NY acquired a new position in Net Lease Office Properties during the fourth quarter worth $34,000. Finally, Allworth Financial LP purchased a new stake in Net Lease Office Properties during the fourth quarter worth $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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