Meeder Asset Management Inc. Invests $936,000 in Net Lease Office Properties (NYSE:NLOP)

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

Several other hedge funds and other institutional investors have also made changes to their positions in NLOP. KLP Kapitalforvaltning AS purchased a new stake in Net Lease Office Properties in the 4th quarter worth approximately $76,000. Tower Research Capital LLC TRC increased its position in shares of Net Lease Office Properties by 113.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,515 shares of the company's stock valued at $78,000 after purchasing an additional 1,339 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in shares of Net Lease Office Properties during the 4th quarter worth $184,000. Raymond James Financial Inc. acquired a new stake in Net Lease Office Properties during the 4th quarter worth $236,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake 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 in the last quarter. Institutional investors own 58.33% of the company's stock.

Net Lease Office Properties Stock Performance

NYSE NLOP traded down $0.34 during trading on Friday, reaching $32.85. The company's stock had a trading volume of 65,265 shares, compared to its average volume of 47,273. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market cap of $486.51 million, a price-to-earnings ratio of -7.68 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 business's fifty day moving average price is $32.54 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.