SG Americas Securities LLC Sells 86,728 Shares of Net Lease Office Properties (NYSE:NLOP)

SG Americas Securities LLC decreased its stake in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 80.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,898 shares of the company's stock after selling 86,728 shares during the period. SG Americas Securities LLC owned about 0.14% of Net Lease Office Properties worth $656,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new position in shares of Net Lease Office Properties during the 4th quarter valued at $76,000. Tower Research Capital LLC TRC boosted its position 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 worth $78,000 after purchasing an additional 1,339 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new position in Net Lease Office Properties in the fourth quarter worth about $184,000. Raymond James Financial Inc. bought a new stake in shares of Net Lease Office Properties during the 4th quarter valued at about $236,000. Finally, Two Sigma Advisers LP increased its position 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 valued at $354,000 after purchasing an additional 1,291 shares during the last quarter. Institutional investors own 58.33% of the company's stock.

Wall Street Analyst Weigh In

Separately, BWS Financial reissued a "buy" rating and issued a $46.00 price objective on shares of Net Lease Office Properties in a report on Thursday, March 6th.

Net Lease Office Properties Stock Performance

NLOP traded down $0.66 during trading on Wednesday, hitting $32.67. The company's stock had a trading volume of 74,536 shares, compared to its average volume of 143,860. Net Lease Office Properties has a one year low of $23.38 and a one year high of $34.38. The business's 50 day simple moving average is $30.86 and its 200-day simple moving average is $30.94. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.25. The firm has a market cap of $483.84 million, a PE ratio of -7.63 and a beta of 0.89.

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.