15,192 Shares in Net Lease Office Properties (NYSE:NLOP) Bought by Coronation Fund Managers Ltd.

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 shares of Net Lease Office Properties (NYSE:NLOP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,192 shares of the company's stock, valued at approximately $477,000. Coronation Fund Managers Ltd. owned about 0.10% of Net Lease Office Properties at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NLOP. Invesco Ltd. lifted its stake in shares of Net Lease Office Properties by 1,223.2% in the 1st quarter. Invesco Ltd. now owns 94,529 shares of the company's stock valued at $2,966,000 after acquiring an additional 87,385 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Net Lease Office Properties by 17.5% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,673 shares of the company's stock valued at $335,000 after acquiring an additional 1,590 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Net Lease Office Properties by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 128,583 shares of the company's stock valued at $4,035,000 after acquiring an additional 1,062 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Net Lease Office Properties in the 1st quarter valued at $936,000. Finally, Pacer Advisors Inc. bought a new position in shares of Net Lease Office Properties in the 1st quarter valued at $4,492,000. 58.33% of the stock is currently owned by institutional investors.

Net Lease Office Properties Trading Down 2.1%

NYSE:NLOP traded down $0.72 during trading hours on Thursday, hitting $32.90. 197,922 shares of the company were exchanged, compared to its average volume of 69,198. The stock has a market capitalization of $487.17 million, a price-to-earnings ratio of -7.69 and a beta of 0.84. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.23. Net Lease Office Properties has a one year low of $26.10 and a one year high of $34.53. The company has a fifty day simple moving average of $32.96 and a 200 day simple moving average of $31.44.

Net Lease Office Properties Dividend Announcement

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

About Net Lease Office Properties

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.