Net Lease Office Properties (NYSE:NLOP) Sets New 1-Year High – Here’s What Happened

Shares of Net Lease Office Properties (NYSE:NLOP) hit a new 52-week high during trading on Wednesday . The stock traded as high as $33.80 and last traded at $34.24, with a volume of 31598 shares. The stock had previously closed at $33.25.

Wall Street Analyst Weigh In

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

Net Lease Office Properties Stock Performance

The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.38. The company has a 50 day simple moving average of $31.40 and a 200-day simple moving average of $30.90.

Hedge Funds Weigh In On Net Lease Office Properties

A number of large investors have recently bought and sold shares of the company. Wealthcare Advisory Partners LLC boosted its holdings in Net Lease Office Properties by 2.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 12,569 shares of the company’s stock worth $392,000 after purchasing an additional 346 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Net Lease Office Properties by 9.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company’s stock worth $166,000 after buying an additional 451 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Net Lease Office Properties by 12.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,952 shares of the company’s stock worth $152,000 after buying an additional 556 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Net Lease Office Properties by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 127,521 shares of the company’s stock valued at $3,980,000 after acquiring an additional 693 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Net Lease Office Properties in the third quarter valued at about $34,000. Institutional investors and hedge funds own 58.33% of the company’s stock.

Net Lease Office Properties Company Profile

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.