Nisa Investment Advisors LLC Acquires New Holdings in Net Lease Office Properties (NYSE:NLOP)

Nisa Investment Advisors LLC acquired a new stake in Net Lease Office Properties (NYSE:NLOP) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 5,202 shares of the company’s stock, valued at approximately $96,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Spirit of America Management Corp NY bought a new stake in Net Lease Office Properties in the 4th quarter valued at approximately $34,000. Allworth Financial LP bought a new stake in Net Lease Office Properties in the 4th quarter valued at approximately $41,000. DekaBank Deutsche Girozentrale bought a new stake in Net Lease Office Properties in the 4th quarter valued at approximately $84,000. State of Alaska Department of Revenue bought a new stake in Net Lease Office Properties in the 4th quarter valued at approximately $124,000. Finally, International Assets Investment Management LLC bought a new stake in Net Lease Office Properties in the 4th quarter valued at approximately $131,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Net Lease Office Properties

In related news, Director Richard J. Pinola acquired 2,066 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were bought at an average price of $24.21 per share, for a total transaction of $50,017.86. Following the purchase, the director now directly owns 12,028 shares in the company, valued at approximately $291,197.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Analyst Ratings Changes

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

Net Lease Office Properties Stock Performance

Shares of Net Lease Office Properties stock opened at $22.98 on Friday. Net Lease Office Properties has a 12-month low of $9.50 and a 12-month high of $50.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $24.19.

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.