C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires New Stake in Net Lease Office Properties (NYSE:NLOP)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Net Lease Office Properties (NYSE:NLOP) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,143 shares of the company’s stock, valued at approximately $161,000.

Other hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new position in Net Lease Office Properties in the 3rd quarter valued at $34,000. Daiwa Securities Group Inc. raised its stake in Net Lease Office Properties by 12.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,952 shares of the company’s stock valued at $152,000 after purchasing an additional 556 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Net Lease Office Properties by 9.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company’s stock valued at $166,000 after purchasing an additional 451 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Net Lease Office Properties in the 3rd quarter valued at $217,000. Finally, MetLife Investment Management LLC increased its stake in shares of Net Lease Office Properties by 115.6% in the 3rd quarter. MetLife Investment Management LLC now owns 9,327 shares of the company’s stock worth $286,000 after acquiring an additional 5,000 shares during the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, BWS Financial reaffirmed a “buy” rating and issued a $46.00 target price on shares of Net Lease Office Properties in a research note on Thursday, November 14th.

Net Lease Office Properties Price Performance

Shares of NLOP opened at $32.10 on Friday. Net Lease Office Properties has a 52-week low of $22.16 and a 52-week high of $33.06. The stock has a fifty day simple moving average of $31.35 and a two-hundred day simple moving average of $30.78. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.38.

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.