Asset Value Investors Ltd Purchases New Stake in Net Lease Office Properties (NYSE:NLOP)

Asset Value Investors Ltd purchased a new stake in Net Lease Office Properties (NYSE:NLOP - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 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 portfolio, making the stock its 4th largest holding. Asset Value Investors Ltd owned about 3.73% of Net Lease Office Properties as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NLOP. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Net Lease Office Properties by 9.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company's stock valued at $166,000 after buying an additional 451 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Net Lease Office Properties during the 4th quarter worth $161,000. Y Intercept Hong Kong Ltd bought a new position in Net Lease Office Properties in the fourth quarter valued at about $498,000. Proficio Capital Partners LLC acquired a new stake in Net Lease Office Properties in the fourth quarter worth about $401,000. Finally, Versor Investments LP bought a new stake in Net Lease Office Properties during the 4th quarter worth about $384,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a "buy" rating and issued a $46.00 price objective on shares of Net Lease Office Properties in a report on Thursday, March 6th.

Net Lease Office Properties Price Performance

NYSE NLOP remained flat at $31.30 on Thursday. The company had a trading volume of 41,614 shares, compared to its average volume of 154,115. The company has a market capitalization of $463.68 million, a PE ratio of -5.06 and a beta of 1.03. Net Lease Office Properties has a fifty-two week low of $22.36 and a fifty-two week high of $34.38. The company has a 50 day moving average of $29.81 and a 200 day moving average of $30.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.95 and a current ratio of 1.95.

Net Lease Office Properties (NYSE:NLOP - Get Free Report) last posted 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 for the quarter. As a group, analysts forecast that Net Lease Office Properties will post 2.64 EPS for the current year.

Net Lease Office Properties Company 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.