Wells Fargo & Company MN Boosts Stake in Net Lease Office Properties (NYSE:NLOP)

Wells Fargo & Company MN lifted its holdings in Net Lease Office Properties (NYSE:NLOP) by 52.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,678 shares of the company’s stock after purchasing an additional 6,094 shares during the period. Wells Fargo & Company MN owned about 0.12% of Net Lease Office Properties worth $552,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of NLOP. KLP Kapitalforvaltning AS purchased a new stake in shares of Net Lease Office Properties in the fourth quarter valued at approximately $76,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Net Lease Office Properties in the 4th quarter valued at $161,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Net Lease Office Properties by 9.2% in the 4th 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 in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in Net Lease Office Properties during the fourth quarter worth $184,000. Finally, Raymond James Financial Inc. purchased a new position in Net Lease Office Properties during the fourth quarter valued at $236,000. Institutional investors and hedge funds own 58.33% of the company’s stock.

Analyst Ratings Changes

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

Net Lease Office Properties Price Performance

Shares of Net Lease Office Properties stock opened at $30.61 on Friday. The stock has a market capitalization of $453.44 million, a P/E ratio of -4.94 and a beta of 0.96. The business has a 50 day simple moving average of $30.05 and a two-hundred day simple moving average of $30.89. Net Lease Office Properties has a 12 month low of $22.36 and a 12 month high of $34.38. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.95 and a quick ratio of 1.95.

Net Lease Office Properties (NYSE:NLOP) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($2.42) EPS for the quarter. Net Lease Office Properties had a negative net margin of 122.90% and a negative return on equity of 30.16%. The firm had revenue of $27.73 million during the quarter. As a group, analysts predict that Net Lease Office Properties will post 2.64 EPS for the current fiscal year.

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.