Vanguard Group Inc. Grows Stake in Net Lease Office Properties $NLOP

Vanguard Group Inc. boosted its position in shares of Net Lease Office Properties (NYSE:NLOP) by 0.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,528,895 shares of the company’s stock after buying an additional 2,223 shares during the period. Vanguard Group Inc. owned approximately 10.32% of Net Lease Office Properties worth $47,977,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Asset Value Investors Ltd bought a new stake in shares of Net Lease Office Properties in the 4th quarter valued at approximately $17,200,000. Castalian Partners LLC bought a new stake in shares of Net Lease Office Properties in the 4th quarter valued at approximately $6,360,000. Pacer Advisors Inc. bought a new stake in shares of Net Lease Office Properties in the 1st quarter valued at approximately $4,492,000. Meeder Asset Management Inc. bought a new stake in shares of Net Lease Office Properties in the 1st quarter valued at approximately $936,000. Finally, VELA Investment Management LLC bought a new stake in shares of Net Lease Office Properties during the 1st quarter worth approximately $891,000. 58.33% of the stock is owned by institutional investors.

Net Lease Office Properties Price Performance

Shares of NLOP stock opened at $30.00 on Tuesday. Net Lease Office Properties has a 52-week low of $26.10 and a 52-week high of $34.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $444.30 million, a P/E ratio of -2.82 and a beta of 0.84. The stock has a 50 day moving average price of $32.74 and a 200 day moving average price of $31.36.

Net Lease Office Properties Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Wednesday, September 3rd. Investors of record on Monday, August 18th will be paid a dividend of $3.10 per share.

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.