Renaissance Technologies LLC Buys 28,800 Shares of Net Lease Office Properties (NYSE:NLOP)

Renaissance Technologies LLC boosted its stake in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 77.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,200 shares of the company's stock after purchasing an additional 28,800 shares during the quarter. Renaissance Technologies LLC owned about 0.45% of Net Lease Office Properties worth $2,066,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new position in shares of Net Lease Office Properties during the 4th quarter worth $76,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Net Lease Office Properties in the fourth quarter valued at $161,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Net Lease Office Properties by 9.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company's stock worth $166,000 after purchasing an additional 451 shares during the period. Resona Asset Management Co. Ltd. acquired a new stake in shares of Net Lease Office Properties during the 4th quarter worth approximately $184,000. Finally, Raymond James Financial Inc. bought a new stake in Net Lease Office Properties in the fourth quarter valued at $236,000. 58.33% of the stock is owned by institutional investors.

Net Lease Office Properties Stock Down 0.5 %

NLOP traded down $0.15 during midday trading on Thursday, reaching $30.08. 15,147 shares of the company were exchanged, compared to its average volume of 164,887. Net Lease Office Properties has a one year low of $22.36 and a one year high of $34.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market cap of $445.63 million, a price-to-earnings ratio of -4.86 and a beta of 0.96. The company's fifty day moving average price is $30.10 and its 200 day moving average price is $30.90.

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

Analyst Upgrades and Downgrades

Separately, BWS Financial reaffirmed 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 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.