DRW Securities LLC raised its stake in Net Lease Office Properties (NYSE:NLOP - Free Report) by 37.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 100,834 shares of the company's stock after buying an additional 27,564 shares during the quarter. DRW Securities LLC owned approximately 0.68% of Net Lease Office Properties worth $3,164,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake 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 valued at $78,000 after buying an additional 1,339 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of Net Lease Office Properties by 163.4% during the first quarter. Quantbot Technologies LP now owns 5,924 shares of the company's stock valued at $186,000 after purchasing an additional 3,675 shares in the last quarter. Resona Asset Management Co. Ltd. raised its stake in shares of Net Lease Office Properties by 8.0% during the first quarter. Resona Asset Management Co. Ltd. now owns 6,455 shares of the company's stock valued at $203,000 after purchasing an additional 478 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Net Lease Office Properties during the fourth quarter valued at about $236,000. Finally, Fifth Lane Capital LP bought a new stake in shares of Net Lease Office Properties during the first quarter valued at about $251,000. 58.33% of the stock is currently owned by institutional investors.
Net Lease Office Properties Price Performance
NYSE:NLOP traded up $0.28 during mid-day trading on Wednesday, reaching $29.38. 111,902 shares of the stock were exchanged, compared to its average volume of 155,506. The business has a fifty day moving average price of $32.27 and a 200 day moving average price of $31.27. The firm has a market capitalization of $435.13 million, a PE ratio of 7.75 and a beta of 0.83. Net Lease Office Properties has a 1-year low of $26.10 and a 1-year high of $34.53. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.23.
Net Lease Office Properties Dividend Announcement
The firm also recently disclosed a special dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be given a dividend of $3.10 per share. The ex-dividend date is Monday, August 18th.
Net Lease Office Properties Company Profile
(
Free Report)
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.
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