203,791 Shares in Net Lease Office Properties (NYSE:NLOP) Acquired by Castalian Partners LLC

Castalian Partners LLC acquired a new stake in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 203,791 shares of the company's stock, valued at approximately $6,360,000. Net Lease Office Properties accounts for about 3.2% of Castalian Partners LLC's investment portfolio, making the stock its 5th largest holding. Castalian Partners LLC owned about 1.38% of Net Lease Office Properties at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC increased its position in shares of Net Lease Office Properties by 2.8% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 12,569 shares of the company's stock valued at $392,000 after purchasing an additional 346 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Net Lease Office Properties by 9.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company's stock valued at $166,000 after buying an additional 451 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Net Lease Office Properties by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 127,521 shares of the company's stock valued at $3,980,000 after buying an additional 693 shares during the last quarter. Geode Capital Management LLC raised its position in Net Lease Office Properties by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 372,442 shares of the company's stock worth $11,627,000 after acquiring an additional 1,109 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Net Lease Office Properties by 5.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,212 shares of the company's stock worth $725,000 after acquiring an additional 1,176 shares during the last quarter. Hedge funds and other institutional investors own 58.33% of the company's stock.

Net Lease Office Properties Stock Performance

Shares of NLOP stock traded up $0.11 during trading hours on Friday, reaching $30.61. 61,347 shares of the company traded hands, compared to its average volume of 163,204. The firm has a 50-day moving average price of $30.05 and a 200 day moving average price of $30.89. The company has a market cap of $453.44 million, a P/E ratio of -4.94 and a beta of 0.96. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.95 and a quick ratio of 1.95. 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 issued its quarterly earnings results on Thursday, February 27th. The company reported ($2.42) earnings per share for the quarter. The firm had revenue of $27.73 million for the quarter. Net Lease Office Properties had a negative net margin of 122.90% and a negative return on equity of 30.16%. As a group, sell-side analysts predict that Net Lease Office Properties will post 2.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a "buy" rating and issued a $46.00 price objective on shares of Net Lease Office Properties in a research note on Thursday, March 6th.

Net Lease Office Properties 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.