Net Lease Office Properties (NYSE:NLOP) Director Richard Pinola Purchases 1,012 Shares

Key Points

• Director Richard Pinola of Net Lease Office Properties purchased 1,012 shares at an average price of $29.49, increasing his total holdings to 13,221 shares valued at approximately $389,887.
• Net Lease Office Properties announced a special dividend of $3.10, which was paid on September 3rd, affecting investors of record from August 18th.
• Despite recent insider activity, shares of NLOP experienced a decline of 1.3%, trading at $28.92, with a market capitalization of $428.45 million.

Net Lease Office Properties (NYSE:NLOP - ) Director Richard Pinola bought 1,012 shares of Net Lease Office Properties stock in a transaction that occurred on Wednesday, September 24th. The stock was bought at an average cost of $29.49 per share, for a total transaction of $29,843.88. Following the purchase, the director owned 13,221 shares in the company, valued at $389,887.29. This represents a 8.29% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Net Lease Office Properties Trading Down 1.3%

Shares of NLOP traded down $0.38 on Thursday, hitting $28.92. 65,297 shares of the stock traded hands, compared to its average volume of 112,710. Net Lease Office Properties has a 1 year low of $26.10 and a 1 year high of $34.53. The stock's 50 day moving average is $31.05 and its two-hundred day moving average is $30.96. The firm has a market capitalization of $428.45 million, a P/E ratio of -2.72 and a beta of 0.83. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.23.

Net Lease Office Properties Announces Dividend

The company also recently announced a special dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were given a $3.10 dividend. The ex-dividend date of this dividend was Monday, August 18th. Net Lease Office Properties's dividend payout ratio (DPR) is -3.20%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new stake in Net Lease Office Properties in the 2nd quarter valued at $26,000. Laurel Wealth Advisors LLC grew its stake in shares of Net Lease Office Properties by 3,157.7% during the second quarter. Laurel Wealth Advisors LLC now owns 847 shares of the company's stock valued at $26,000 after acquiring an additional 821 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Net Lease Office Properties by 498.7% during the first quarter. Jones Financial Companies Lllp now owns 1,407 shares of the company's stock valued at $44,000 after acquiring an additional 1,172 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Net Lease Office Properties by 66.8% during the second quarter. BNP Paribas Financial Markets now owns 1,448 shares of the company's stock valued at $47,000 after acquiring an additional 580 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Net Lease Office Properties by 198.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,712 shares of the company's stock valued at $56,000 after acquiring an additional 1,139 shares in the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

About Net Lease Office Properties

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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