Allianz Asset Management GmbH purchased a new position in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,579 shares of the company's stock, valued at approximately $269,000. Allianz Asset Management GmbH owned about 0.06% of Net Lease Office Properties as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also modified their holdings of NLOP. Asset Value Investors Ltd bought a new position in Net Lease Office Properties in the 4th quarter valued at about $17,200,000. Castalian Partners LLC bought a new position in Net Lease Office Properties in the 4th quarter valued at about $6,360,000. National Bank of Canada FI bought a new position in Net Lease Office Properties in the 4th quarter valued at about $3,533,000. DRW Securities LLC grew its position in Net Lease Office Properties by 129.9% in the 4th quarter. DRW Securities LLC now owns 73,270 shares of the company's stock valued at $2,287,000 after buying an additional 41,397 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Net Lease Office Properties by 43.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 115,078 shares of the company's stock valued at $3,592,000 after buying an additional 34,985 shares in the last quarter. Institutional investors own 58.33% of the company's stock.
Net Lease Office Properties Stock Performance
Shares of NLOP opened at $32.85 on Monday. The firm has a 50-day moving average price of $32.58 and a 200 day moving average price of $31.33. The firm has a market capitalization of $486.51 million, a PE ratio of -7.68 and a beta of 0.84. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.25. Net Lease Office Properties has a 52-week low of $26.10 and a 52-week high of $34.53.
About Net Lease Office Properties
(
Free Report)
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.
Further Reading
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