Net Lease Office Properties Announces Special Dividend of $3.10 (NYSE:NLOP)

Key Points

• Net Lease Office Properties declared a special dividend of $3.10 per share, set to be paid on September 3rd to investors of record by August 18th.
• As of the latest trading day, shares of NLOP dipped to $33.15, with significant exchange activity of 48,209 shares compared to its average volume.
• Institutional investors own 58.33% of NLOP's stock, indicating strong interest from major investors, with notable positions built by companies like Jones Financial and Tower Research Capital.

Net Lease Office Properties (NYSE:NLOP - ) announced a special dividend on Wednesday, August 6th, RTT News reports. Investors of record on Monday, August 18th will be given a dividend of 3.10 per share on Wednesday, September 3rd.

Net Lease Office Properties Stock Performance

Shares of Net Lease Office Properties stock traded down $0.15 on Wednesday, reaching $33.15. 48,209 shares of the company were exchanged, compared to its average volume of 106,880. Net Lease Office Properties has a 1-year low of $26.10 and a 1-year high of $34.53. The firm has a market cap of $490.89 million, a price-to-earnings ratio of -7.74 and a beta of 0.84. 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 company's 50-day moving average is $32.67 and its two-hundred day moving average is $31.35.

Institutional Investors Weigh In On Net Lease Office Properties

Hedge funds have recently modified their holdings of the business. Ameritas Advisory Services LLC bought a new position in shares of Net Lease Office Properties in the second quarter valued at about $26,000. Jones Financial Companies Lllp grew its position in shares of Net Lease Office Properties by 498.7% during the 1st quarter. Jones Financial Companies Lllp now owns 1,407 shares of the company's stock worth $44,000 after buying an additional 1,172 shares during the period. KLP Kapitalforvaltning AS bought a new position in Net Lease Office Properties in the fourth quarter valued at approximately $76,000. Tower Research Capital LLC TRC grew its holdings in 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 acquiring an additional 1,339 shares during the period. Finally, Strs Ohio bought a new stake in shares of Net Lease Office Properties during the 1st quarter valued at $88,000. 58.33% of the stock is owned by institutional investors.

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.

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