143,162 Shares in Net Lease Office Properties (NYSE:NLOP) Purchased by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. acquired 143,162 shares of Net Lease Office Properties (NYSE:NLOP), valued at approximately $4.49 million, representing about 0.97% ownership in the company.
• Net Lease Office Properties experienced a 2.1% increase in stock price, reaching $33.82, with a market capitalization of $500.87 million.
• Institutional investors collectively own 58.33% of Net Lease Office Properties' stock, indicating strong interest from large financial entities.

Pacer Advisors Inc. purchased a new stake in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 143,162 shares of the company's stock, valued at approximately $4,492,000. Pacer Advisors Inc. owned 0.97% of Net Lease Office Properties at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NLOP. Geode Capital Management LLC grew its position in Net Lease Office Properties by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 372,442 shares of the company's stock valued at $11,627,000 after buying an additional 1,109 shares during the period. 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. Two Sigma Advisers LP grew its position in shares of Net Lease Office Properties by 12.8% during the 4th quarter. Two Sigma Advisers LP now owns 11,356 shares of the company's stock valued at $354,000 after acquiring an additional 1,291 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Net Lease Office Properties by 113.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,515 shares of the company's stock worth $78,000 after purchasing an additional 1,339 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in Net Lease Office Properties by 2.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 81,627 shares of the company's stock worth $2,548,000 after purchasing an additional 1,605 shares during the period. 58.33% of the stock is owned by institutional investors.

Net Lease Office Properties Stock Performance

NYSE NLOP traded down $0.33 on Friday, hitting $32.87. 18,801 shares of the company traded hands, compared to its average volume of 107,868. The business's 50 day moving average price is $32.54 and its 200-day moving average price is $31.33. Net Lease Office Properties has a 52-week low of $26.10 and a 52-week high of $34.53. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $486.86 million, a price-to-earnings ratio of -7.68 and a beta of 0.84.

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.