BNP Paribas Financial Markets Trims Stock Holdings in Net Lease Office Properties (NYSE:NLOP)

BNP Paribas Financial Markets lowered its holdings in Net Lease Office Properties (NYSE:NLOP - Free Report) by 79.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Castalian Partners LLC bought a new position in Net Lease Office Properties in the fourth quarter valued at about $6,360,000. Rangeley Capital LLC bought a new position in Net Lease Office Properties in the fourth quarter valued at about $5,228,000. National Bank of Canada FI bought a new position in Net Lease Office Properties in the fourth quarter valued at about $3,533,000. DRW Securities LLC lifted its holdings in Net Lease Office Properties by 129.9% in the fourth quarter. DRW Securities LLC now owns 73,270 shares of the company's stock valued at $2,287,000 after acquiring an additional 41,397 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Net Lease Office Properties by 43.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 115,078 shares of the company's stock valued at $3,592,000 after acquiring an additional 34,985 shares during the period. Hedge funds and other institutional investors own 58.33% of the company's stock.

Net Lease Office Properties Stock Performance

NLOP stock traded down $0.02 during trading on Thursday, reaching $31.32. The stock had a trading volume of 78,226 shares, compared to its average volume of 153,283. Net Lease Office Properties has a 52 week low of $22.36 and a 52 week high of $34.38. The stock's 50 day moving average is $29.81 and its two-hundred day moving average 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. The firm has a market cap of $464.03 million, a PE ratio of -7.32 and a beta of 0.89.

Analyst Upgrades and Downgrades

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

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.