Bluefin Capital Management LLC Makes New Investment in Net Lease Office Properties $NLOP

Key Points

• Bluefin Capital Management LLC has made a new investment of approximately $957,000 in Net Lease Office Properties, acquiring 30,485 shares.
• Other hedge funds have significantly increased their stakes in Net Lease Office Properties, with Jones Financial Companies Lllp raising its stake by 498.7%.
• Net Lease Office Properties recently declared a $3.10 special dividend paid to investors of record on August 18th.

Bluefin Capital Management LLC acquired a new stake in Net Lease Office Properties (NYSE:NLOP - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 30,485 shares of the company's stock, valued at approximately $957,000. Net Lease Office Properties comprises about 0.7% of Bluefin Capital Management LLC's portfolio, making the stock its 25th largest position. Bluefin Capital Management LLC owned approximately 0.21% of Net Lease Office Properties at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp grew its position in shares of Net Lease Office Properties by 498.7% in the first quarter. Jones Financial Companies Lllp now owns 1,407 shares of the company's stock valued at $44,000 after purchasing an additional 1,172 shares in the last quarter. Quantbot Technologies LP boosted its stake in Net Lease Office Properties by 163.4% during the first quarter. Quantbot Technologies LP now owns 5,924 shares of the company's stock worth $186,000 after buying an additional 3,675 shares during the last quarter. Resona Asset Management Co. Ltd. grew its holdings in Net Lease Office Properties by 8.0% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 6,455 shares of the company's stock valued at $203,000 after buying an additional 478 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Net Lease Office Properties in the 4th quarter valued at $236,000. Finally, Fifth Lane Capital LP acquired a new stake in shares of Net Lease Office Properties in the 1st quarter worth $251,000. 58.33% of the stock is owned by hedge funds and other institutional investors.

Net Lease Office Properties Trading Down 0.3%

Shares of NLOP stock traded down $0.08 on Monday, hitting $29.02. 56,447 shares of the stock traded hands, compared to its average volume of 112,712. The firm's 50-day moving average price is $31.78 and its two-hundred day moving average price is $31.11. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $429.79 million, a PE ratio of -2.73 and a beta of 0.84. Net Lease Office Properties has a twelve month low of $26.10 and a twelve month high of $34.53.

Net Lease Office Properties Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were issued 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.