29,815 Shares in Net Lease Office Properties (NYSE:NLOP) Bought by Meeder Asset Management Inc.

Key Points

• Meeder Asset Management Inc. has acquired a new stake in Net Lease Office Properties (NYSE:NLOP), purchasing 29,815 shares valued at approximately $936,000 during the 1st quarter.
• Institutional investors collectively own 58.33% of Net Lease Office Properties, with significant increases in holdings from firms like GAMMA Investing LLC and Deutsche Bank AG in recent quarters.
• Net Lease Office Properties operates a portfolio of 59 high-quality office properties totaling around 8.7 million leasable square feet, primarily leased to corporate tenants on a single-tenant net lease basis.

Meeder Asset Management Inc. acquired a new position in Net Lease Office Properties (NYSE:NLOP - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 29,815 shares of the company's stock, valued at approximately $936,000. Meeder Asset Management Inc. owned 0.20% of Net Lease Office Properties as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in Net Lease Office Properties in the fourth quarter worth about $76,000. Tower Research Capital LLC TRC raised its position in Net Lease Office Properties by 113.9% in the fourth 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 in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in Net Lease Office Properties in the fourth quarter worth about $184,000. Raymond James Financial Inc. bought a new stake in Net Lease Office Properties in the fourth quarter worth about $236,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Net Lease Office Properties by 58.6% in the first 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 in the last quarter. Institutional investors and hedge funds own 58.33% of the company's stock.

Net Lease Office Properties Price Performance

Net Lease Office Properties stock traded down $0.34 during midday trading on Friday, hitting $32.85. The company's stock had a trading volume of 65,265 shares, compared to its average volume of 47,273. Net Lease Office Properties has a 12 month low of $26.10 and a 12 month high of $34.53. The company has a market capitalization of $486.51 million, a PE ratio of -7.68 and a beta of 0.84. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.25. The stock's 50-day moving average price is $32.58 and its 200-day moving average price is $31.33.

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.