Geode Capital Management LLC Lowers Position in Net Lease Office Properties (NYSE:NLOP)

Geode Capital Management LLC reduced its position in shares of Net Lease Office Properties (NYSE:NLOP) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 371,333 shares of the company’s stock after selling 5,970 shares during the period. Geode Capital Management LLC owned approximately 2.51% of Net Lease Office Properties worth $11,373,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its position in Net Lease Office Properties by 1.7% during the 3rd quarter. State Street Corp now owns 399,647 shares of the company’s stock worth $12,237,000 after purchasing an additional 6,731 shares during the period. Anson Funds Management LP raised its position in Net Lease Office Properties by 46.6% in the third quarter. Anson Funds Management LP now owns 171,505 shares of the company’s stock worth $5,251,000 after acquiring an additional 54,552 shares in the last quarter. Meros Investment Management LP boosted its position in shares of Net Lease Office Properties by 68.5% during the 2nd quarter. Meros Investment Management LP now owns 152,052 shares of the company’s stock worth $3,744,000 after purchasing an additional 61,818 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Net Lease Office Properties by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 126,828 shares of the company’s stock worth $3,883,000 after purchasing an additional 2,444 shares during the period. Finally, Marshall Wace LLP increased its holdings in shares of Net Lease Office Properties by 398.5% in the 2nd quarter. Marshall Wace LLP now owns 91,467 shares of the company’s stock valued at $2,252,000 after purchasing an additional 73,119 shares in the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Net Lease Office Properties Price Performance

Shares of NYSE NLOP opened at $31.21 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.95 and a quick ratio of 1.95. The company’s 50-day moving average price is $31.29 and its 200 day moving average price is $29.54. Net Lease Office Properties has a 52 week low of $16.83 and a 52 week high of $33.06.

Analyst Ratings Changes

Separately, BWS Financial reaffirmed a “buy” rating and issued a $46.00 target price on shares of Net Lease Office Properties in a report on Thursday, November 14th.

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.