8,000 Shares in Net Lease Office Properties $NLOP Acquired by Fifth Lane Capital LP

Key Points

• Fifth Lane Capital LP acquired a new stake in Net Lease Office Properties (NYSE:NLOP), purchasing 8,000 shares valued at approximately $251,000, which now accounts for 1.1% of its investment portfolio.
• Net Lease Office Properties recently announced a special $3.10 dividend to be paid on September 3rd to stockholders of record by August 18th.
• As of the latest reports, institutional investors and hedge funds own approximately 58.33% of Net Lease Office Properties' stock.

Fifth Lane Capital LP acquired a new stake in Net Lease Office Properties (NYSE:NLOP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,000 shares of the company's stock, valued at approximately $251,000. Net Lease Office Properties makes up about 1.1% of Fifth Lane Capital LP's holdings, making the stock its 13th biggest holding. Fifth Lane Capital LP owned approximately 0.05% of Net Lease Office Properties at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Resona Asset Management Co. Ltd. boosted its stake in shares of Net Lease Office Properties by 8.0% during the first 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. Charles Schwab Investment Management Inc. boosted its stake in shares of Net Lease Office Properties by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 128,583 shares of the company's stock valued at $4,035,000 after purchasing an additional 1,062 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Net Lease Office Properties by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 372,442 shares of the company's stock valued at $11,627,000 after purchasing an additional 1,109 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Net Lease Office Properties by 5.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,212 shares of the company's stock valued at $725,000 after purchasing an additional 1,176 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of Net Lease Office Properties by 12.8% during the fourth quarter. Two Sigma Advisers LP now owns 11,356 shares of the company's stock valued at $354,000 after purchasing an additional 1,291 shares in the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Net Lease Office Properties Trading Down 0.1%

Shares of NLOP stock traded down $0.0150 during mid-day trading on Thursday, reaching $29.7550. 48,250 shares of the stock traded hands, compared to its average volume of 115,647. The stock's fifty day simple moving average is $32.87 and its two-hundred day simple moving average is $31.41. Net Lease Office Properties has a 1-year low of $26.10 and a 1-year high of $34.53. The company has a market cap of $440.67 million, a price-to-earnings ratio of -2.80 and a beta of 0.84. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.23.

Net Lease Office Properties Announces Dividend

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

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.