Net Lease Office Properties $NLOP Stock Position Boosted by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. significantly increased its holdings in Net Lease Office Properties by 98.0%, acquiring a total of 118,139 shares, valued at approximately $3.7 million.
• A special dividend of $3.10 per share has been announced and is set to be paid on September 3rd to investors recorded by August 18th.
• The current market capitalization of Net Lease Office Properties is $444.23 million, with its stock currently trading at $29.9950 and experiencing a 1.7% increase.

Russell Investments Group Ltd. raised its holdings in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 98.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,139 shares of the company's stock after purchasing an additional 58,479 shares during the period. Russell Investments Group Ltd. owned about 0.80% of Net Lease Office Properties worth $3,707,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NLOP. Tower Research Capital LLC TRC increased its stake in Net Lease Office Properties by 113.9% during the fourth 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. increased its stake in 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 during the last quarter. Raymond James Financial Inc. bought a new stake in Net Lease Office Properties during the fourth quarter valued at $236,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Net Lease Office Properties by 58.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,469 shares of the company's stock valued at $267,000 after purchasing an additional 3,130 shares during the last quarter. Finally, Allianz Asset Management GmbH bought a new stake in Net Lease Office Properties during the first quarter valued at $269,000. Institutional investors own 58.33% of the company's stock.

Net Lease Office Properties Stock Performance

Shares of Net Lease Office Properties stock traded down $0.40 during trading on Thursday, hitting $29.70. 59,468 shares of the stock were exchanged, compared to its average volume of 157,374. The stock's fifty day moving average is $32.57 and its 200 day moving average is $31.33. The stock has a market cap of $439.86 million, a PE ratio of -2.80 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.29 and a current ratio of 1.29. Net Lease Office Properties has a 12 month low of $26.10 and a 12 month high of $34.53.

Net Lease Office Properties Dividend Announcement

The company also recently declared a special dividend, which will be paid on Wednesday, September 3rd. Stockholders 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 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.