Goldman Sachs Group Inc. Sells 26,378 Shares of Net Lease Office Properties $NLOP

Key Points

• Goldman Sachs Group Inc. reduced its stake in Net Lease Office Properties (NYSE:NLOP) by 36.4%, selling 26,378 shares during the first quarter.
• Despite Goldman Sachs' sell-off, other institutional investors, such as Strs Ohio and Jones Financial Companies, have increased their stakes in Net Lease Office Properties.
• Net Lease Office Properties recently announced a special dividend of $3.10 per share, with the dividend payable to investors of record on August 18.

Goldman Sachs Group Inc. cut its position in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 36.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,086 shares of the company's stock after selling 26,378 shares during the quarter. Goldman Sachs Group Inc. owned 0.31% of Net Lease Office Properties worth $1,446,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Strs Ohio acquired a new position in Net Lease Office Properties during the 1st quarter worth approximately $88,000. Bluefin Capital Management LLC bought a new stake in shares of Net Lease Office Properties in the first quarter worth $957,000. Jones Financial Companies Lllp increased its stake in Net Lease Office Properties by 498.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,407 shares of the company's stock valued at $44,000 after buying an additional 1,172 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Net Lease Office Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,839 shares of the company's stock valued at $277,000 after buying an additional 390 shares during the last quarter. Finally, K2 Principal Fund L.P. increased its stake in Net Lease Office Properties by 4.3% in the 1st quarter. K2 Principal Fund L.P. now owns 140,000 shares of the company's stock valued at $4,393,000 after buying an additional 5,725 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company's stock.

Net Lease Office Properties Stock Down 0.5%

Shares of NLOP stock opened at $29.10 on Friday. The firm has a market capitalization of $430.97 million, a P/E ratio of -2.74 and a beta of 0.83. The firm's fifty day moving average price is $31.40 and its two-hundred day moving average price is $31.00. 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 1 year low of $26.10 and a 1 year high of $34.53.

Net Lease Office Properties Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were given a dividend of $3.10 per share. The ex-dividend date of this dividend was Monday, August 18th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.