Geode Capital Management LLC Has $11.63 Million Position in Net Lease Office Properties (NYSE:NLOP)

Geode Capital Management LLC increased its position in shares of Net Lease Office Properties (NYSE:NLOP) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 372,442 shares of the company’s stock after acquiring an additional 1,109 shares during the period. Geode Capital Management LLC owned about 2.52% of Net Lease Office Properties worth $11,627,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new position in shares of Net Lease Office Properties in the 4th quarter valued at $76,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Net Lease Office Properties during the fourth quarter worth about $161,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Net Lease Office Properties by 9.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company’s stock worth $166,000 after acquiring an additional 451 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Net Lease Office Properties in the 4th quarter valued at approximately $236,000. Finally, Versor Investments LP bought a new stake in shares of Net Lease Office Properties during the 4th quarter valued at approximately $384,000. 58.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “buy” rating and issued a $46.00 target price on shares of Net Lease Office Properties in a research report on Thursday, March 6th.

Net Lease Office Properties Price Performance

Net Lease Office Properties stock opened at $28.00 on Tuesday. The company has a market capitalization of $414.79 million, a PE ratio of -4.52 and a beta of 0.96. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average price of $30.46 and a two-hundred day moving average price of $30.93. Net Lease Office Properties has a 12 month low of $22.36 and a 12 month high of $34.38.

Net Lease Office Properties (NYSE:NLOP) last posted its earnings results on Thursday, February 27th. The company reported ($2.42) EPS for the quarter. Net Lease Office Properties had a negative return on equity of 30.16% and a negative net margin of 122.90%. The business had revenue of $27.73 million for the quarter. Analysts expect that Net Lease Office Properties will post 2.64 EPS for the current year.

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.