Gabelli Funds LLC Boosts Stock Position in Net Lease Office Properties $NLOP

Key Points

• Gabelli Funds LLC increased its holdings in Net Lease Office Properties (NLOP) by 45.9% during the 1st quarter, owning a total of 118,989 shares valued at $3.73 million.
• The company has announced a special dividend of $3.10 per share, to be paid on September 3rd, with a record date of August 18th.
• Net Lease Office Properties has a market cap of approximately $438.97 million and its stock is currently trading at $29.64, showing a one-year low of $26.10 and a high of $34.53.

Gabelli Funds LLC increased its stake in Net Lease Office Properties (NYSE:NLOP - Free Report) by 45.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,989 shares of the company's stock after buying an additional 37,422 shares during the period. Gabelli Funds LLC owned 0.80% of Net Lease Office Properties worth $3,734,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Martingale Asset Management L P increased its position in shares of Net Lease Office Properties by 145.0% during the first quarter. Martingale Asset Management L P now owns 36,820 shares of the company's stock worth $1,155,000 after acquiring an additional 21,791 shares during the period. Quantbot Technologies LP increased 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 period. Versor Investments LP raised its position in Net Lease Office Properties by 6.5% during the 1st quarter. Versor Investments LP now owns 13,100 shares of the company's stock valued at $411,000 after purchasing an additional 800 shares in the last quarter. Fifth Lane Capital LP purchased a new stake in shares of Net Lease Office Properties in the 1st quarter worth $251,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Net Lease Office Properties by 98.0% during the first quarter. Russell Investments Group Ltd. now owns 118,139 shares of the company's stock valued at $3,707,000 after buying an additional 58,479 shares during the period. 58.33% of the stock is owned by hedge funds and other institutional investors.

Net Lease Office Properties Stock Up 0.1%

Shares of NLOP stock traded up $0.04 on Wednesday, hitting $29.14. The stock had a trading volume of 60,828 shares, compared to its average volume of 113,820. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.23. Net Lease Office Properties has a one year low of $26.10 and a one year high of $34.53. The business has a 50 day moving average price of $32.33 and a 200 day moving average price of $31.28. The company has a market cap of $431.59 million, a PE ratio of -2.74 and a beta of 0.83.

Net Lease Office Properties Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Wednesday, September 3rd. Investors 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.

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.