Millennium Management LLC Buys 14,108 Shares of Net Lease Office Properties (NYSE:NLOP)

Millennium Management LLC increased its holdings in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,208 shares of the company's stock after purchasing an additional 14,108 shares during the period. Millennium Management LLC owned approximately 0.81% of Net Lease Office Properties worth $3,752,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in Net Lease Office Properties by 9.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company's stock worth $166,000 after buying an additional 451 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Net Lease Office Properties in the 4th quarter valued at $161,000. Y Intercept Hong Kong Ltd acquired a new position in Net Lease Office Properties in the 4th quarter worth $498,000. Proficio Capital Partners LLC bought a new position in Net Lease Office Properties during the 4th quarter worth about $401,000. Finally, Versor Investments LP bought a new position in Net Lease Office Properties during the 4th quarter worth about $384,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, BWS Financial reaffirmed a "buy" rating and set a $46.00 price objective on shares of Net Lease Office Properties in a research report on Thursday, March 6th.

Net Lease Office Properties Stock Up 0.2%

NYSE:NLOP traded up $0.06 during trading hours on Wednesday, reaching $31.33. 73,849 shares of the stock were exchanged, compared to its average volume of 153,649. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.95 and a quick ratio of 1.95. Net Lease Office Properties has a twelve month low of $22.36 and a twelve month high of $34.38. The stock has a market cap of $464.12 million, a PE ratio of -5.06 and a beta of 1.03. The firm has a 50 day moving average of $29.81 and a 200 day moving average of $30.87.

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.