Fifth Lane Capital LP Purchases New Holdings in Net Lease Office Properties (NYSE:NLOP)

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 purchased a new stake in Net Lease Office Properties (NYSE:NLOP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,000 shares of the company's stock, valued at approximately $251,000. Net Lease Office Properties makes up 1.1% of Fifth Lane Capital LP's investment portfolio, making the stock its 13th largest holding. Fifth Lane Capital LP owned 0.05% of Net Lease Office Properties at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NLOP. Tower Research Capital LLC TRC grew its holdings in Net Lease Office Properties by 113.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,515 shares of the company's stock worth $78,000 after acquiring an additional 1,339 shares during the period. Resona Asset Management Co. Ltd. grew its holdings in Net Lease Office Properties by 8.0% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 6,455 shares of the company's stock worth $203,000 after acquiring an additional 478 shares during the period. Raymond James Financial Inc. acquired a new stake in Net Lease Office Properties during the 4th quarter worth $236,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Net Lease Office Properties by 58.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,469 shares of the company's stock worth $267,000 after acquiring an additional 3,130 shares during the period. Finally, Allianz Asset Management GmbH acquired a new stake in Net Lease Office Properties during the 1st quarter worth $269,000. Institutional investors and hedge funds own 58.33% of the company's stock.

Net Lease Office Properties Price Performance

Shares of NLOP stock opened at $32.97 on Friday. Net Lease Office Properties has a 12-month low of $26.10 and a 12-month high of $34.53. The firm has a market capitalization of $488.29 million, a price-to-earnings ratio of -7.70 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. The firm has a fifty day moving average of $32.99 and a 200-day moving average of $31.44.

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 issued a $3.10 dividend.

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.

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