SG Americas Securities LLC lowered its position in Net Lease Office Properties (NYSE:NLOP - Free Report) by 80.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,898 shares of the company's stock after selling 86,728 shares during the quarter. SG Americas Securities LLC owned 0.14% of Net Lease Office Properties worth $656,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in shares of Net Lease Office Properties in the 4th quarter valued at about $401,000. Millennium Management LLC lifted 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 purchasing an additional 14,108 shares during the last quarter. GAMMA Investing LLC lifted 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 purchasing an additional 14,562 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Net Lease Office Properties by 64.3% during the fourth quarter. Deutsche Bank AG now owns 13,261 shares of the company's stock worth $414,000 after purchasing an additional 5,190 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Net Lease Office Properties in the 4th quarter worth approximately $498,000. Institutional investors and hedge funds own 58.33% of the company's stock.
Analysts Set New Price Targets
Separately, BWS Financial reiterated a "buy" rating and issued a $46.00 price target on shares of Net Lease Office Properties in a report on Thursday, March 6th.
View Our Latest Stock Report on NLOP
Net Lease Office Properties Stock Performance
Shares of NYSE NLOP traded up $0.26 during trading on Friday, reaching $33.30. The stock had a trading volume of 282,934 shares, compared to its average volume of 145,113. Net Lease Office Properties has a one year low of $23.38 and a one year high of $34.38. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market cap of $493.10 million, a PE ratio of -7.78 and a beta of 0.90. The firm's 50 day moving average price is $30.64 and its two-hundred day moving average price is $30.92.
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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