DRW Securities LLC Raises Position in Net Lease Office Properties (NYSE:NLOP)

DRW Securities LLC grew its holdings in Net Lease Office Properties (NYSE:NLOP - Free Report) by 129.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,270 shares of the company's stock after purchasing an additional 41,397 shares during the quarter. DRW Securities LLC owned approximately 0.50% of Net Lease Office Properties worth $2,287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp increased its stake in shares of Net Lease Office Properties by 1.7% in the 3rd quarter. State Street Corp now owns 399,647 shares of the company's stock valued at $12,237,000 after acquiring an additional 6,731 shares during the last quarter. Geode Capital Management LLC increased its stake in Net Lease Office Properties by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 372,442 shares of the company's stock worth $11,627,000 after purchasing an additional 1,109 shares in the last quarter. Rangeley Capital LLC acquired a new stake in shares of Net Lease Office Properties during the fourth quarter worth $5,228,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Net Lease Office Properties by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 127,521 shares of the company's stock valued at $3,980,000 after purchasing an additional 693 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Net Lease Office Properties by 43.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 115,078 shares of the company's stock worth $3,592,000 after acquiring an additional 34,985 shares during the last quarter. 58.33% of the stock is owned by institutional investors.

Net Lease Office Properties Stock Performance

Shares of NYSE NLOP traded up $0.27 during midday trading on Monday, hitting $27.19. 21,929 shares of the company's stock were exchanged, compared to its average volume of 172,036. Net Lease Office Properties has a 12 month low of $22.16 and a 12 month high of $34.38. The company's 50 day moving average price is $30.86 and its 200 day moving average price is $31.01. 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 firm has a market capitalization of $402.79 million, a PE ratio of -4.39 and a beta of 0.96.

Net Lease Office Properties (NYSE:NLOP - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported ($2.42) earnings per share (EPS) for the quarter. The business 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%. As a group, analysts predict that Net Lease Office Properties will post 2.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.