VELA Investment Management LLC bought a new position in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 28,381 shares of the company's stock, valued at approximately $891,000. VELA Investment Management LLC owned 0.19% of Net Lease Office Properties at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new stake in shares of Net Lease Office Properties during the 4th quarter worth $76,000. Tower Research Capital LLC TRC raised its stake in shares of 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 worth $78,000 after purchasing an additional 1,339 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of Net Lease Office Properties during the 4th quarter worth $184,000. Raymond James Financial Inc. bought a new stake in shares of Net Lease Office Properties during the 4th quarter worth $236,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Net Lease Office Properties by 58.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,469 shares of the company's stock worth $267,000 after purchasing an additional 3,130 shares during the period. 58.33% of the stock is currently owned by institutional investors.
Net Lease Office Properties Stock Performance
NLOP traded up $0.07 during trading hours on Tuesday, hitting $32.42. The stock had a trading volume of 56,590 shares, compared to its average volume of 132,871. The company's fifty day simple moving average is $31.53 and its 200 day simple moving average is $30.99. Net Lease Office Properties has a 1 year low of $23.38 and a 1 year high of $34.38. The stock has a market cap of $480.14 million, a PE ratio of -7.57 and a beta of 0.84. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.25.
Net Lease Office Properties Profile
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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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