7,115 Shares in Net Lease Office Properties (NYSE:NLOP) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in Net Lease Office Properties (NYSE:NLOP) during the 4th quarter, Holdings Channel.com reports. The firm purchased 7,115 shares of the company’s stock, valued at approximately $131,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of NLOP. Spirit of America Management Corp NY bought a new position in shares of Net Lease Office Properties during the fourth quarter worth about $34,000. State of Alaska Department of Revenue acquired a new position in Net Lease Office Properties during the 4th quarter worth approximately $124,000. WealthPlan Investment Management LLC bought a new position in shares of Net Lease Office Properties during the 4th quarter worth approximately $206,000. Asset Management One Co. Ltd. bought a new position in shares of Net Lease Office Properties during the 4th quarter worth approximately $408,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Net Lease Office Properties in the fourth quarter valued at approximately $1,247,000. 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 purchased 2,066 shares of the stock in a transaction 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 transaction, the director now directly owns 12,028 shares of the company’s stock, valued at $291,197.88. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Analyst Ratings Changes

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

Net Lease Office Properties Stock Performance

Shares of NYSE NLOP opened at $23.09 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a 50-day moving average of $23.84. Net Lease Office Properties has a fifty-two week low of $9.50 and a fifty-two week high of $50.00.

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.