Coronation Fund Managers Ltd. Makes New $477,000 Investment in Net Lease Office Properties (NYSE:NLOP)

Key Points

• Coronation Fund Managers Ltd. has made a new investment of approximately $477,000 in Net Lease Office Properties (NYSE:NLOP), acquiring 15,192 shares of the company.
• As of the latest filing, institutional investors own 58.33% of Net Lease Office Properties, with several large firms recently adjusting their stakes in the company.
• Net Lease Office Properties recently announced a special dividend of $3.10 per share, which will be paid on September 3rd to stockholders of record as of August 18th.

Coronation Fund Managers Ltd. bought a new position in Net Lease Office Properties (NYSE:NLOP - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,192 shares of the company's stock, valued at approximately $477,000. Coronation Fund Managers Ltd. owned approximately 0.10% of Net Lease Office Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new position in Net Lease Office Properties in the fourth quarter worth about $76,000. Tower Research Capital LLC TRC raised its holdings in Net Lease Office Properties by 113.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,515 shares of the company's stock worth $78,000 after purchasing an additional 1,339 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new position in Net Lease Office Properties in the fourth quarter worth about $184,000. Raymond James Financial Inc. bought a new position in Net Lease Office Properties in the fourth quarter worth about $236,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Net Lease Office Properties by 58.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,469 shares of the company's stock worth $267,000 after purchasing an additional 3,130 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors.

Net Lease Office Properties Stock Performance

Shares of Net Lease Office Properties stock opened at $33.44 on Friday. The company has a market capitalization of $495.26 million, a PE ratio of -7.81 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.51 and a current ratio of 1.29. The company has a 50-day simple moving average of $32.79 and a two-hundred day simple moving average of $31.38. Net Lease Office Properties has a one year low of $26.10 and a one year high of $34.53.

Net Lease Office Properties Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be issued a dividend of $3.10 per share.

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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