Net Lease Office Properties (NYSE:NLOP) Hits New 1-Year High - Here's Why

Net Lease Office Properties (NYSE:NLOP - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $34.53 and last traded at $33.92, with a volume of 27904 shares trading hands. The stock had previously closed at $33.89.

Net Lease Office Properties Trading Down 1.5%

The company has a market capitalization of $487.10 million, a price-to-earnings ratio of -7.68 and a beta of 0.84. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.25. The company's 50 day simple moving average is $32.02 and its two-hundred day simple moving average is $31.12.

Institutional Investors Weigh In On Net Lease Office Properties

Several institutional investors have recently bought and sold shares of NLOP. Asset Value Investors Ltd lifted its stake in shares of Net Lease Office Properties by 40.0% during the first quarter. Asset Value Investors Ltd now owns 771,428 shares of the company's stock worth $24,207,000 after buying an additional 220,332 shares during the period. Geode Capital Management LLC lifted its stake in shares of Net Lease Office Properties by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 372,442 shares of the company's stock worth $11,627,000 after buying an additional 1,109 shares during the period. Castalian Partners LLC acquired a new stake in shares of Net Lease Office Properties during the fourth quarter worth $6,360,000. Dimensional Fund Advisors LP lifted its stake in shares of Net Lease Office Properties by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 196,795 shares of the company's stock worth $6,142,000 after buying an additional 4,376 shares during the period. Finally, Rangeley Capital LLC acquired a new stake in shares of Net Lease Office Properties during the fourth quarter worth $5,228,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

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.