Net Lease Office Properties (NYSE:NLOP) Stock Position Boosted by Asset Value Investors Ltd

Asset Value Investors Ltd grew its position in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 40.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 771,428 shares of the company's stock after purchasing an additional 220,332 shares during the period. Net Lease Office Properties makes up about 14.1% of Asset Value Investors Ltd's holdings, making the stock its 3rd largest holding. Asset Value Investors Ltd owned about 5.21% of Net Lease Office Properties worth $24,207,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Net Lease Office Properties by 3,104.9% during the first quarter. GAMMA Investing LLC now owns 15,031 shares of the company's stock worth $479,000 after acquiring an additional 14,562 shares during the period. Two Sigma Advisers LP increased its position in shares of Net Lease Office Properties by 12.8% during the fourth quarter. Two Sigma Advisers LP now owns 11,356 shares of the company's stock worth $354,000 after acquiring an additional 1,291 shares during the period. Point72 Asset Management L.P. increased its position in shares of Net Lease Office Properties by 27.6% during the fourth quarter. Point72 Asset Management L.P. now owns 14,500 shares of the company's stock worth $453,000 after acquiring an additional 3,140 shares during the period. Man Group plc increased its position in shares of Net Lease Office Properties by 22.4% during the fourth quarter. Man Group plc now owns 25,789 shares of the company's stock worth $805,000 after acquiring an additional 4,713 shares during the period. Finally, Millennium Management LLC increased its position in shares of Net Lease Office Properties by 13.3% during the fourth quarter. Millennium Management LLC now owns 120,208 shares of the company's stock worth $3,752,000 after acquiring an additional 14,108 shares during the period. 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 Down 0.6%

Shares of Net Lease Office Properties stock traded down $0.18 during trading hours on Friday, reaching $31.86. 78,735 shares of the company were exchanged, compared to its average volume of 148,077. Net Lease Office Properties has a 1 year low of $23.38 and a 1 year high of $34.38. The stock's fifty day moving average is $30.11 and its 200 day moving average is $30.90. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market cap of $471.97 million, a PE ratio of -7.44 and a beta of 0.89.

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.