Asset Value Investors Ltd Buys New Position in Net Lease Office Properties (NYSE:NLOP)

Asset Value Investors Ltd acquired a new position in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 551,096 shares of the company's stock, valued at approximately $17,200,000. Net Lease Office Properties accounts for 7.7% of Asset Value Investors Ltd's holdings, making the stock its 4th largest holding. Asset Value Investors Ltd owned approximately 3.73% of Net Lease Office Properties at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NLOP. Geode Capital Management LLC boosted its stake in Net Lease Office Properties by 0.3% in 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 in the last quarter. Castalian Partners LLC acquired a new stake in Net Lease Office Properties in the fourth quarter valued at about $6,360,000. Dimensional Fund Advisors LP boosted its stake in Net Lease Office Properties by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 196,795 shares of the company's stock valued at $6,142,000 after buying an additional 4,376 shares in the last quarter. Rangeley Capital LLC acquired a new stake in Net Lease Office Properties in the fourth quarter valued at about $5,228,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in 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 buying an additional 693 shares in the last quarter. Institutional investors own 58.33% of the company's stock.

Net Lease Office Properties Trading Down 0.3%

NLOP stock traded down $0.10 during mid-day trading on Friday, reaching $31.19. The company's stock had a trading volume of 87,766 shares, compared to its average volume of 154,150. The company has a market cap of $462.05 million, a price-to-earnings ratio of -5.04 and a beta of 1.03. The business's 50 day moving average price is $29.82 and its 200 day moving average price is $30.87. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.38. Net Lease Office Properties has a 12 month low of $22.36 and a 12 month high of $34.38.

Net Lease Office Properties (NYSE:NLOP - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($2.42) earnings per share for the quarter. Net Lease Office Properties had a negative return on equity of 30.16% and a negative net margin of 122.90%. The business had revenue of $27.73 million during the quarter. On average, equities research analysts predict that Net Lease Office Properties will post 2.64 EPS for the current year.

Analysts Set New Price Targets

Separately, BWS Financial reiterated a "buy" rating and issued a $46.00 target price on shares of Net Lease Office Properties in a research 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.