Marshall Wace LLP Trims Stake in Net Lease Office Properties (NYSE:NLOP)

Marshall Wace LLP trimmed its holdings in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 58.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,243 shares of the company's stock after selling 51,540 shares during the period. Marshall Wace LLP owned about 0.25% of Net Lease Office Properties worth $1,162,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NLOP. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in Net Lease Office Properties by 13.1% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 112,203 shares of the company's stock worth $3,502,000 after acquiring an additional 13,003 shares during the last quarter. Gabelli Funds LLC boosted its position in Net Lease Office Properties by 12.2% during the fourth quarter. Gabelli Funds LLC now owns 81,567 shares of the company's stock worth $2,546,000 after purchasing an additional 8,891 shares during the period. Mariner LLC increased its stake in shares of Net Lease Office Properties by 83.7% in the fourth quarter. Mariner LLC now owns 23,566 shares of the company's stock worth $736,000 after purchasing an additional 10,734 shares in the last quarter. Barclays PLC raised its position in shares of Net Lease Office Properties by 14.3% in the fourth quarter. Barclays PLC now owns 22,780 shares of the company's stock valued at $711,000 after purchasing an additional 2,853 shares during the period. Finally, DRW Securities LLC lifted its stake in shares of Net Lease Office Properties by 129.9% during the 4th 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 in the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

Net Lease Office Properties Stock Performance

Shares of NYSE:NLOP traded up $0.11 during midday trading on Friday, reaching $30.61. 61,347 shares of the company traded hands, compared to its average volume of 163,204. The firm's fifty day moving average price is $30.08 and its two-hundred day moving average price is $30.90. The firm has a market capitalization of $453.44 million, a price-to-earnings ratio of -4.94 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 12 month low of $22.36 and a 12 month high of $34.38.

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

Analyst Upgrades and Downgrades

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

Net Lease Office Properties 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.