BNP Paribas Financial Markets Cuts Position in Net Lease Office Properties (NYSE:NLOP)

BNP Paribas Financial Markets cut its holdings in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 79.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,455 shares of the company's stock after selling 9,365 shares during the quarter. BNP Paribas Financial Markets' holdings in Net Lease Office Properties were worth $77,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NLOP. KLP Kapitalforvaltning AS purchased a new position in shares of Net Lease Office Properties in the 4th quarter worth about $76,000. Tower Research Capital LLC TRC raised its holdings in shares of Net Lease Office Properties by 113.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,515 shares of the company's stock valued at $78,000 after purchasing an additional 1,339 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Net Lease Office Properties in the fourth quarter worth $161,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in 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 acquiring an additional 451 shares during the period. Finally, Resona Asset Management Co. Ltd. purchased a new stake in shares of Net Lease Office Properties during the 4th quarter valued at about $184,000. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Net Lease Office Properties Stock Performance

Shares of Net Lease Office Properties stock remained flat at $31.27 on Wednesday. 42,983 shares of the stock traded hands, compared to its average volume of 153,266. Net Lease Office Properties has a 52-week low of $22.36 and a 52-week high of $34.38. The company's 50 day moving average price is $29.82 and its 200-day moving average price is $30.87. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.38. The firm has a market cap of $463.23 million, a PE ratio of -5.05 and a beta of 1.03.

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.