Castalian Partners LLC Acquires New Shares in Net Lease Office Properties (NYSE:NLOP)

Castalian Partners LLC bought a new stake in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 203,791 shares of the company's stock, valued at approximately $6,360,000. Net Lease Office Properties comprises approximately 3.2% of Castalian Partners LLC's investment portfolio, making the stock its 5th biggest holding. Castalian Partners LLC owned 1.38% of Net Lease Office Properties at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its holdings in Net Lease Office Properties by 132.1% during the third quarter. Barclays PLC now owns 19,927 shares of the company's stock valued at $611,000 after purchasing an additional 11,341 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Net Lease Office Properties by 42.0% during the third quarter. JPMorgan Chase & Co. now owns 39,587 shares of the company's stock worth $1,212,000 after acquiring an additional 11,707 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of 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 valued at $392,000 after acquiring an additional 346 shares during the period. SG Americas Securities LLC increased its position in shares of Net Lease Office Properties by 1.5% during the 4th quarter. SG Americas Securities LLC now owns 107,626 shares of the company's stock worth $3,359,000 after purchasing an additional 1,554 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 valued at $166,000 after purchasing an additional 451 shares during the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a "buy" rating and set a $46.00 price objective on shares of Net Lease Office Properties in a report on Thursday, March 6th.

Net Lease Office Properties Price Performance

NLOP traded down $0.27 during trading on Monday, hitting $30.34. The company's stock had a trading volume of 13,278 shares, compared to its average volume of 135,740. 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 stock has a market capitalization of $449.46 million, a price-to-earnings ratio of -4.90 and a beta of 1.03. The firm's 50 day moving average price is $30.05 and its two-hundred day moving average price is $30.89. Net Lease Office Properties has a 12 month low of $22.36 and a 12 month high of $34.38.

Net Lease Office Properties (NYSE:NLOP - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($2.42) earnings per share (EPS) for the quarter. The firm had revenue of $27.73 million for the quarter. Net Lease Office Properties had a negative return on equity of 30.16% and a negative net margin of 122.90%. Sell-side analysts forecast that Net Lease Office Properties will post 2.64 earnings per share for the current fiscal year.

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.