VELA Investment Management LLC acquired a new stake in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 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 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in NLOP. Asset Value Investors Ltd bought a new stake in shares of Net Lease Office Properties in the 4th quarter worth about $17,200,000. Castalian Partners LLC bought a new stake in Net Lease Office Properties in the fourth quarter valued at about $6,360,000. Rangeley Capital LLC bought a new stake in Net Lease Office Properties in the fourth quarter valued at about $5,228,000. National Bank of Canada FI bought a new stake in Net Lease Office Properties in the fourth quarter valued at about $3,533,000. Finally, DRW Securities LLC increased its holdings in Net Lease Office Properties by 129.9% in the fourth quarter. DRW Securities LLC now owns 73,270 shares of the company's stock valued at $2,287,000 after buying an additional 41,397 shares during the last quarter. Hedge funds and other institutional investors own 58.33% of the company's stock.
Net Lease Office Properties Stock Performance
NLOP stock traded up $0.22 during trading on Friday, hitting $32.82. 36,486 shares of the company's stock traded hands, compared to its average volume of 133,666. 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 has a 52 week low of $23.38 and a 52 week high of $34.38. The stock has a fifty day moving average price of $31.44 and a two-hundred day moving average price of $30.97. The stock has a market capitalization of $486.06 million, a price-to-earnings ratio of -7.67 and a beta of 0.84.
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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