Nuveen LLC Purchases Shares of 40,048 Net Lease Office Properties $NLOP

Key Points

• Nuveen LLC has acquired a new stake in Net Lease Office Properties (NYSE:NLOP), purchasing 40,048 shares valued at approximately $1.26 million, representing 0.27% ownership of the company.
• A significant portion of Net Lease Office Properties' stock, about 58.33%, is held by hedge funds and other institutional investors, with various firms increasing their positions in the past quarter.
• The company recently announced a special dividend of $3.10 per share to be paid on September 3rd, with an ex-dividend date of August 18th.

Nuveen LLC purchased a new position in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 40,048 shares of the company's stock, valued at approximately $1,257,000. Nuveen LLC owned approximately 0.27% of Net Lease Office Properties as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of Net Lease Office Properties by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 128,583 shares of the company's stock worth $4,035,000 after acquiring an additional 1,062 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Net Lease Office Properties by 5.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,212 shares of the company's stock worth $725,000 after acquiring an additional 1,176 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Net Lease Office Properties by 12.8% during the 4th 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 in the last quarter. Tower Research Capital LLC TRC boosted its stake in Net Lease Office Properties by 113.9% during the 4th 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 period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Net Lease Office Properties by 17.5% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,673 shares of the company's stock valued at $335,000 after purchasing an additional 1,590 shares during the period. Institutional investors own 58.33% of the company's stock.

Net Lease Office Properties Stock Performance

NYSE:NLOP traded up $0.05 during mid-day trading on Thursday, hitting $29.37. 64,631 shares of the company's stock traded hands, compared to its average volume of 113,842. The firm has a 50 day moving average of $32.27 and a two-hundred day moving average of $31.27. Net Lease Office Properties has a 12 month low of $26.10 and a 12 month high of $34.53. The firm has a market capitalization of $434.97 million, a price-to-earnings ratio of -2.77 and a beta of 0.83. 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 Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were paid a dividend of $3.10 per share. The ex-dividend date was Monday, August 18th.

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.