Bluefin Capital Management LLC Makes New $957,000 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 position in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 30,485 shares of the company's stock, valued at approximately $957,000. Net Lease Office Properties comprises 0.7% of Bluefin Capital Management LLC's investment portfolio, making the stock its 25th biggest position. Bluefin Capital Management LLC owned approximately 0.21% of Net Lease Office Properties as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake 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 worth $44,000 after acquiring an additional 1,172 shares during the period. Quantbot Technologies LP grew its position 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 valued at $186,000 after buying an additional 3,675 shares during the period. Resona Asset Management Co. Ltd. increased its stake in shares of 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 purchasing an additional 478 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Net Lease Office Properties in the 4th quarter valued at about $236,000. Finally, Fifth Lane Capital LP purchased a new position in shares of Net Lease Office Properties in the 1st quarter valued at about $251,000. 58.33% of the stock is owned by institutional investors and hedge funds.

Net Lease Office Properties Trading Down 0.3%

NLOP opened at $29.13 on Wednesday. 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 company's 50 day simple moving average is $32.00 and its two-hundred day simple moving average is $31.17. Net Lease Office Properties has a 1-year low of $26.10 and a 1-year high of $34.53. The firm has a market capitalization of $431.37 million, a price-to-earnings ratio of -2.74 and a beta of 0.83.

Net Lease Office Properties Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, September 3rd. Investors 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.

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