Mariner LLC Acquires 10,734 Shares of Net Lease Office Properties (NYSE:NLOP)

Mariner LLC grew its position in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 83.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,566 shares of the company's stock after buying an additional 10,734 shares during the quarter. Mariner LLC owned approximately 0.16% of Net Lease Office Properties worth $736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in NLOP. Wealthcare Advisory Partners LLC increased its holdings in shares of Net Lease Office Properties by 2.8% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 12,569 shares of the company's stock valued at $392,000 after acquiring an additional 346 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Net Lease Office Properties during the fourth quarter valued at approximately $401,000. Barclays PLC raised its position in shares of Net Lease Office Properties by 132.1% in the third quarter. Barclays PLC now owns 19,927 shares of the company's stock valued at $611,000 after purchasing an additional 11,341 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Net Lease Office Properties by 9.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company's stock worth $166,000 after buying an additional 451 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Net Lease Office Properties by 42.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 39,587 shares of the company's stock worth $1,212,000 after buying an additional 11,707 shares during the period. Institutional investors and hedge funds own 58.33% of the company's stock.

Net Lease Office Properties Stock Performance

Shares of NLOP stock traded down $0.27 during trading hours on Monday, reaching $30.35. 4,573 shares of the company's stock were exchanged, compared to its average volume of 162,070. The business has a fifty day moving average price of $30.05 and a 200-day moving average price of $30.89. The stock has a market capitalization of $449.53 million, a P/E ratio of -4.90 and a beta of 0.96. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.38. Net Lease Office Properties has a fifty-two week low of $22.36 and a fifty-two week high of $34.38.

Net Lease Office Properties (NYSE:NLOP - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported ($2.42) earnings per share for the quarter. The firm had revenue of $27.73 million for the quarter. Net Lease Office Properties had a negative return on equity of 30.16% and a negative net margin of 122.90%. Analysts predict that Net Lease Office Properties will post 2.64 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.