Daiwa Securities Group Inc. Takes Position in Net Lease Office Properties (NYSE:NLOP)

Daiwa Securities Group Inc. acquired a new position in Net Lease Office Properties (NYSE:NLOP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,486 shares of the company’s stock, valued at approximately $83,000.

Several other institutional investors have also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Net Lease Office Properties in the 4th quarter worth approximately $50,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Net Lease Office Properties in the 4th quarter worth approximately $391,000. Nisa Investment Advisors LLC bought a new position in Net Lease Office Properties in the 4th quarter worth approximately $96,000. DekaBank Deutsche Girozentrale bought a new position in Net Lease Office Properties in the 4th quarter worth approximately $84,000. Finally, Allworth Financial LP bought a new position in Net Lease Office Properties in the 4th quarter worth approximately $41,000. Institutional investors own 58.33% of the company’s stock.

Insider Buying and Selling at Net Lease Office Properties

In other Net Lease Office Properties news, Director Richard J. Pinola bought 2,066 shares of the company’s stock in a transaction on Friday, March 8th. The stock was bought at an average price of $24.21 per share, for a total transaction of $50,017.86. Following the transaction, the director now owns 12,028 shares of the company’s stock, valued at approximately $291,197.88. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Analyst Ratings Changes

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

Net Lease Office Properties Trading Up 0.9 %

Shares of Net Lease Office Properties stock opened at $22.91 on Friday. The company’s fifty day simple moving average is $23.92. Net Lease Office Properties has a 52 week low of $9.50 and a 52 week high of $50.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.14 and a quick ratio of 1.14.

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.