Net Lease Office Properties $NLOP Shares Bought by GABELLI & Co INVESTMENT ADVISERS INC.

Key Points

• GABELLI & Co INVESTMENT ADVISERS INC. has increased its holdings in Net Lease Office Properties (NYSE:NLOP) by 22.4%, bringing its total shares to 137,303, valued at approximately $4.3 million.
• Several other institutional investors also increased their stakes in Net Lease Office Properties, with hedge funds owning 58.33% of the company's stock.
• Net Lease Office Properties announced a special dividend of $3.10 per share, set to be paid to stockholders on September 3rd.

GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 22.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,303 shares of the company's stock after purchasing an additional 25,100 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.93% of Net Lease Office Properties worth $4,309,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Resona Asset Management Co. Ltd. increased its stake in shares of Net Lease Office Properties by 8.0% in the first 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. Versor Investments LP increased its stake in shares of Net Lease Office Properties by 6.5% in the first quarter. Versor Investments LP now owns 13,100 shares of the company's stock worth $411,000 after acquiring an additional 800 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Net Lease Office Properties by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 128,583 shares of the company's stock worth $4,035,000 after acquiring an additional 1,062 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Net Lease Office Properties by 5.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,212 shares of the company's stock worth $725,000 after acquiring an additional 1,176 shares during the period. Finally, Two Sigma Advisers LP increased its stake in shares of Net Lease Office Properties by 12.8% in the fourth quarter. Two Sigma Advisers LP now owns 11,356 shares of the company's stock worth $354,000 after acquiring an additional 1,291 shares during the period. Institutional investors and hedge funds own 58.33% of the company's stock.

Net Lease Office Properties Stock Performance

Shares of NYSE:NLOP traded down $0.40 during midday trading on Thursday, reaching $29.70. The company's stock had a trading volume of 59,468 shares, compared to its average volume of 157,374. The firm has a market capitalization of $439.86 million, a PE ratio of -2.80 and a beta of 0.84. Net Lease Office Properties has a twelve month low of $26.10 and a twelve month high of $34.53. The stock has a fifty day moving average of $32.57 and a 200 day moving average of $31.33. 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 firm also recently disclosed a special dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be paid a $3.10 dividend. The ex-dividend date is Monday, August 18th.

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.