DekaBank Deutsche Girozentrale Buys New Stake in Net Lease Office Properties (NYSE:NLOP)

DekaBank Deutsche Girozentrale bought a new stake in shares of Net Lease Office Properties (NYSE:NLOP) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,502 shares of the company’s stock, valued at approximately $84,000.

Several other institutional investors also recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in Net Lease Office Properties during the fourth quarter valued at $1,247,000. Asset Management One Co. Ltd. purchased a new position in shares of Net Lease Office Properties in the 4th quarter worth $408,000. WealthPlan Investment Management LLC purchased a new position in shares of Net Lease Office Properties in the 4th quarter worth $206,000. International Assets Investment Management LLC purchased a new position in shares of Net Lease Office Properties in the 4th quarter worth $131,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Net Lease Office Properties in the 4th quarter worth $124,000. 58.33% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Richard J. Pinola purchased 2,066 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average cost of $24.21 per share, with a total value of $50,017.86. Following the purchase, the director now owns 12,028 shares in the company, valued at $291,197.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Net Lease Office Properties Price Performance

Shares of NYSE:NLOP opened at $22.26 on Thursday. Net Lease Office Properties has a 52 week low of $9.50 and a 52 week high of $50.00. The business has a fifty day simple moving average of $24.25. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.14 and a quick ratio of 1.14.

Wall Street Analysts Forecast Growth

Separately, BWS Financial began coverage on shares of Net Lease Office Properties in a research note on Friday, February 9th. They issued a “buy” rating and a $60.00 price objective for the company.

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.