Nisa Investment Advisors LLC Sells 778 Shares of Net Lease Office Properties (NYSE:NLOP)

Nisa Investment Advisors LLC cut its holdings in shares of Net Lease Office Properties (NYSE:NLOP) by 19.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,266 shares of the company’s stock after selling 778 shares during the period. Nisa Investment Advisors LLC’s holdings in Net Lease Office Properties were worth $102,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in Net Lease Office Properties by 3,104.9% in the first quarter. GAMMA Investing LLC now owns 15,031 shares of the company’s stock valued at $479,000 after buying an additional 14,562 shares in the last quarter. VELA Investment Management LLC acquired a new position in Net Lease Office Properties during the first quarter worth about $891,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Net Lease Office Properties by 58.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,469 shares of the company’s stock worth $267,000 after acquiring an additional 3,130 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Net Lease Office Properties by 13.3% in the 4th quarter. Millennium Management LLC now owns 120,208 shares of the company’s stock valued at $3,752,000 after purchasing an additional 14,108 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Net Lease Office Properties by 64.3% in the 4th quarter. Deutsche Bank AG now owns 13,261 shares of the company’s stock valued at $414,000 after purchasing an additional 5,190 shares in the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Net Lease Office Properties Price Performance

NLOP stock opened at $32.89 on Friday. The stock has a market cap of $487.10 million, a price-to-earnings ratio of -7.68 and a beta of 0.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.51 and a quick ratio of 1.51. The company has a 50 day simple moving average of $32.02 and a 200 day simple moving average of $31.12. Net Lease Office Properties has a 1 year low of $25.64 and a 1 year high of $34.53.

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.