Allianz Asset Management GmbH Invests $269,000 in Net Lease Office Properties (NYSE:NLOP)

Key Points

• Allianz Asset Management GmbH has invested $269,000 in Net Lease Office Properties (NYSE:NLOP), acquiring 8,579 shares in the company's stock during the first quarter.
• New significant investments in NLOP were also made by other institutional investors, including Asset Value Investors Ltd and Castalian Partners LLC, highlighting growing interest in the firm.
• As of now, institutional investors own over 58% of NLOP, with the company having a market capitalization of $486.51 million and a 52-week stock price range between $26.10 and $34.53.

Allianz Asset Management GmbH purchased a new position in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,579 shares of the company's stock, valued at approximately $269,000. Allianz Asset Management GmbH owned approximately 0.06% of Net Lease Office Properties at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Net Lease Office Properties in the fourth quarter worth approximately $76,000. Tower Research Capital LLC TRC lifted its position in Net Lease Office Properties by 113.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,515 shares of the company's stock valued at $78,000 after buying an additional 1,339 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in Net Lease Office Properties during the fourth quarter valued at approximately $184,000. Raymond James Financial Inc. acquired a new position in Net Lease Office Properties during the fourth quarter valued at approximately $236,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Net Lease Office Properties by 58.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,469 shares of the company's stock valued at $267,000 after buying an additional 3,130 shares in the last quarter. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Net Lease Office Properties Stock Down 0.9%

Shares of NYSE NLOP traded down $0.29 during trading on Friday, reaching $33.19. 66,060 shares of the stock were exchanged, compared to its average volume of 106,705. The business's 50-day moving average price is $32.75 and its 200 day moving average price is $31.38. Net Lease Office Properties has a twelve month low of $26.10 and a twelve month high of $34.53. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $491.47 million, a price-to-earnings ratio of -7.72 and a beta of 0.84.

Net Lease Office Properties Dividend Announcement

The business also recently declared a special dividend, which will be paid on Wednesday, September 3rd. Investors of record on Monday, August 18th will be paid a $3.10 dividend.

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.