Net Lease Office Properties $NLOP Shares Sold by Anson Funds Management LP

Key Points

• Anson Funds Management LP has significantly reduced its stake in Net Lease Office Properties, cutting its holdings by 77% to 28,790 shares, valued at $903,000.
• Other institutional investors, such as MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. and Resona Asset Management, have also modified their positions, with Resona increasing its holding by 8%.
• Net Lease Office Properties recently announced a special dividend of $3.10 per share, paid to shareholders of record as of August 18th.

Anson Funds Management LP reduced its stake in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 77.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,790 shares of the company's stock after selling 96,163 shares during the period. Anson Funds Management LP owned 0.19% of Net Lease Office Properties worth $903,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Value Investors Ltd purchased a new stake in shares of Net Lease Office Properties during the 4th quarter valued at approximately $17,200,000. Pacer Advisors Inc. purchased a new stake in shares of Net Lease Office Properties during the 1st quarter valued at approximately $4,492,000. Invesco Ltd. raised its position in shares of Net Lease Office Properties by 1,223.2% during the 1st quarter. Invesco Ltd. now owns 94,529 shares of the company's stock valued at $2,966,000 after buying an additional 87,385 shares during the period. Russell Investments Group Ltd. raised its position in shares of Net Lease Office Properties by 98.0% during the 1st quarter. Russell Investments Group Ltd. now owns 118,139 shares of the company's stock valued at $3,707,000 after buying an additional 58,479 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Net Lease Office Properties during the 1st quarter valued at approximately $1,257,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Net Lease Office Properties Trading Down 0.6%

Shares of NLOP stock traded down $0.19 during trading on Tuesday, hitting $28.77. 48,575 shares of the stock traded hands, compared to its average volume of 112,688. The firm has a market capitalization of $426.14 million, a P/E ratio of -2.71 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.29 and a quick ratio of 1.29. The firm's fifty day moving average price is $31.71 and its 200-day moving average price is $31.09. Net Lease Office Properties has a 52-week low of $26.10 and a 52-week high of $34.53.

Net Lease Office Properties Dividend Announcement

The firm also recently declared a special dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were paid a $3.10 dividend. The ex-dividend date was Monday, August 18th.

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.