Ameriprise Financial Inc. Has $238,000 Holdings in Net Lease Office Properties (NYSE:NLOP)

Ameriprise Financial Inc. lessened its stake in Net Lease Office Properties (NYSE:NLOP) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,618 shares of the company’s stock after selling 633 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.05% of Net Lease Office Properties worth $238,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Castalian Partners LLC bought a new stake in Net Lease Office Properties in the 4th quarter valued at $6,360,000. Northern Trust Corp raised its stake in Net Lease Office Properties by 3.9% in the 4th quarter. Northern Trust Corp now owns 124,662 shares of the company’s stock valued at $3,891,000 after acquiring an additional 4,710 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Net Lease Office Properties by 5.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,212 shares of the company’s stock valued at $725,000 after acquiring an additional 1,176 shares during the period. Tower Research Capital LLC TRC raised its stake in Net Lease Office Properties by 113.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,515 shares of the company’s stock valued at $78,000 after acquiring an additional 1,339 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Net Lease Office Properties by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 196,795 shares of the company’s stock valued at $6,142,000 after acquiring an additional 4,376 shares during the period. Institutional investors and hedge funds own 58.33% of the company’s stock.

Net Lease Office Properties Stock Up 0.7%

NLOP opened at $31.48 on Friday. Net Lease Office Properties has a 1-year low of $22.37 and a 1-year high of $34.38. The stock’s fifty day simple moving average is $29.81 and its 200 day simple moving average is $30.88. 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 market cap of $466.37 million, a PE ratio of -7.36 and a beta of 0.89.

Wall Street Analyst Weigh In

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

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.