Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Net Lease Office Properties (NYSE:NLOP – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund bought 21,154 shares of the company’s stock, valued at approximately $391,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in shares of Net Lease Office Properties during the 4th quarter worth approximately $1,247,000. Asset Management One Co. Ltd. purchased a new stake in shares of Net Lease Office Properties during the 4th quarter worth approximately $408,000. WealthPlan Investment Management LLC purchased a new stake in shares of Net Lease Office Properties during the 4th quarter worth approximately $206,000. International Assets Investment Management LLC purchased a new stake in shares of Net Lease Office Properties during the 4th quarter worth approximately $131,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Net Lease Office Properties during the 4th quarter worth approximately $124,000. Institutional investors and hedge funds own 58.33% of the company’s stock.
Insider Activity at Net Lease Office Properties
In related news, Director Richard J. Pinola bought 2,066 shares of Net Lease Office Properties stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average price 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Net Lease Office Properties Stock Down 1.4 %
Analyst Ratings Changes
Separately, BWS Financial began coverage on Net Lease Office Properties in a research note on Friday, February 9th. They set a “buy” rating and a $60.00 price target on the stock.
View Our Latest Report on Net Lease Office Properties
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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