Martingale Asset Management L P Buys 21,791 Shares of Net Lease Office Properties $NLOP

Key Points

• Martingale Asset Management L P significantly increased its stake in Net Lease Office Properties by 145.0% during the first quarter, acquiring an additional 21,791 shares.
• The company announced a special dividend of $3.10 payable on September 3rd to shareholders of record as of August 18th.
• Invesco Ltd. and Russell Investments Group Ltd. also expanded their positions in Net Lease Office Properties by 1,223.2% and 98.0% respectively in the first quarter.

Martingale Asset Management L P increased its position in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 145.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,820 shares of the company's stock after purchasing an additional 21,791 shares during the quarter. Martingale Asset Management L P owned 0.25% of Net Lease Office Properties worth $1,155,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NLOP. Tower Research Capital LLC TRC boosted its position 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 buying an additional 1,339 shares during the period. Quantbot Technologies LP raised its holdings in Net Lease Office Properties by 163.4% during the 1st quarter. Quantbot Technologies LP now owns 5,924 shares of the company's stock worth $186,000 after purchasing an additional 3,675 shares during the last quarter. Resona Asset Management Co. Ltd. increased its stake in shares of Net Lease Office Properties by 8.0% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 6,455 shares of the company's stock valued at $203,000 after acquiring an additional 478 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Net Lease Office Properties in the 4th quarter valued at $236,000. Finally, Fifth Lane Capital LP bought a new stake in shares of Net Lease Office Properties in the 1st quarter valued at $251,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Net Lease Office Properties Stock Down 1.3%

NLOP traded down $0.40 during trading on Thursday, hitting $29.70. 37,901 shares of the company's stock were exchanged, compared to its average volume of 114,377. 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 business's 50 day moving average is $32.64 and its two-hundred day moving average is $31.34. Net Lease Office Properties has a fifty-two week low of $26.10 and a fifty-two week high of $34.53. The stock has a market cap of $439.86 million, a P/E ratio of -2.79 and a beta of 0.84.

Net Lease Office Properties Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be issued a dividend of $3.10 per share. The ex-dividend date of this dividend 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.