Nomura Asset Management Co. Ltd. Buys New Shares in Net Lease Office Properties (NYSE:NLOP)

Nomura Asset Management Co. Ltd. purchased a new position in shares of Net Lease Office Properties (NYSE:NLOPFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,196 shares of the company’s stock, valued at approximately $299,000. Nomura Asset Management Co. Ltd. owned 0.11% of Net Lease Office Properties as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NLOP. Russell Investments Group Ltd. purchased a new stake in shares of Net Lease Office Properties in the 4th quarter valued at $29,000. South Dakota Investment Council purchased a new position in shares of Net Lease Office Properties during the fourth quarter worth $30,000. Spirit of America Management Corp NY acquired a new position in Net Lease Office Properties during the fourth quarter valued at $34,000. Allworth Financial LP purchased a new stake in Net Lease Office Properties in the fourth quarter valued at $41,000. Finally, PGGM Investments acquired a new stake in Net Lease Office Properties during the 4th quarter worth about $46,000. Institutional investors and hedge funds own 58.33% of the company’s stock.

Net Lease Office Properties Stock Up 3.3 %

Shares of NYSE:NLOP opened at $23.74 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.68 and a quick ratio of 1.68. Net Lease Office Properties has a 12-month low of $9.50 and a 12-month high of $50.00. The business has a 50 day moving average of $23.53 and a two-hundred day moving average of $22.15.

Insider Activity

In other news, Director Richard J. Pinola bought 2,066 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average cost 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 is available through this hyperlink.

Analyst Upgrades and Downgrades

Separately, BWS Financial reissued a “buy” rating and issued a $46.00 price objective on shares of Net Lease Office Properties in a report on Thursday, May 16th.

Get Our Latest Analysis on Net Lease Office Properties

Net Lease Office Properties Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Net Lease Office Properties (NYSE:NLOP)

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