Northern Trust Corp Purchases 4,710 Shares of Net Lease Office Properties (NYSE:NLOP)

Northern Trust Corp raised its position in shares of Net Lease Office Properties (NYSE:NLOP) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,662 shares of the company’s stock after acquiring an additional 4,710 shares during the quarter. Northern Trust Corp owned about 0.84% of Net Lease Office Properties worth $3,891,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of NLOP. Rangeley Capital LLC bought a new stake in Net Lease Office Properties during the fourth quarter valued at $5,228,000. National Bank of Canada FI acquired a new position in shares of Net Lease Office Properties during the fourth quarter valued at about $3,533,000. DRW Securities LLC raised its holdings in shares of Net Lease Office Properties by 129.9% during the fourth quarter. DRW Securities LLC now owns 73,270 shares of the company’s stock valued at $2,287,000 after purchasing an additional 41,397 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Net Lease Office Properties by 43.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 115,078 shares of the company’s stock valued at $3,592,000 after purchasing an additional 34,985 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Net Lease Office Properties by 77.0% during the fourth quarter. Renaissance Technologies LLC now owns 66,200 shares of the company’s stock valued at $2,066,000 after purchasing an additional 28,800 shares during the period. Institutional investors own 58.33% of the company’s stock.

Net Lease Office Properties Price Performance

Shares of NYSE NLOP opened at $30.86 on Friday. The firm’s 50-day moving average price is $29.78 and its 200-day moving average price is $30.89. Net Lease Office Properties has a 1-year low of $22.36 and a 1-year high of $34.38. The firm has a market capitalization of $457.09 million, a P/E ratio of -4.98 and a beta of 1.03. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.38.

Net Lease Office Properties (NYSE:NLOP) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($2.42) earnings per share 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 company had revenue of $27.73 million for the quarter. Equities research analysts anticipate that Net Lease Office Properties will post 2.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reiterated a “buy” rating and set a $46.00 price objective on shares of Net Lease Office Properties in a report on Thursday, March 6th.

Net Lease Office Properties 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.