Allianz Asset Management GmbH Has $266,000 Holdings in Net Lease Office Properties $NLOP

Allianz Asset Management GmbH reduced its position in shares of Net Lease Office Properties (NYSE:NLOP) by 4.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,184 shares of the company’s stock after selling 395 shares during the quarter. Allianz Asset Management GmbH owned about 0.06% of Net Lease Office Properties worth $266,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new position in Net Lease Office Properties in the second quarter worth approximately $26,000. Jones Financial Companies Lllp boosted its holdings in Net Lease Office Properties by 498.7% in the first quarter. Jones Financial Companies Lllp now owns 1,407 shares of the company’s stock worth $44,000 after acquiring an additional 1,172 shares in the last quarter. Strs Ohio bought a new position in Net Lease Office Properties in the first quarter worth approximately $88,000. Quantbot Technologies LP boosted its holdings in Net Lease Office Properties by 163.4% in the first quarter. Quantbot Technologies LP now owns 5,924 shares of the company’s stock worth $186,000 after acquiring an additional 3,675 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its holdings in Net Lease Office Properties by 8.0% in the first quarter. Resona Asset Management Co. Ltd. now owns 6,455 shares of the company’s stock worth $203,000 after acquiring an additional 478 shares in the last quarter. Institutional investors own 58.33% of the company’s stock.

Net Lease Office Properties Stock Performance

Shares of NLOP stock opened at $29.34 on Wednesday. The firm has a market cap of $434.63 million, a price-to-earnings ratio of -2.76 and a beta of 0.79. 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’s 50-day simple moving average is $29.36 and its two-hundred day simple moving average is $30.86. Net Lease Office Properties has a 52 week low of $26.10 and a 52 week high of $34.53.

Net Lease Office Properties Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were paid a $3.10 dividend. The ex-dividend date was Monday, August 18th. Net Lease Office Properties’s dividend payout ratio (DPR) is presently -3.20%.

Insider Buying and Selling

In other news, Director Richard J. Pinola acquired 1,012 shares of Net Lease Office Properties stock in a transaction that occurred on Wednesday, September 24th. The stock was bought at an average price of $29.49 per share, with a total value of $29,843.88. Following the completion of the purchase, the director owned 13,221 shares in the company, valued at approximately $389,887.29. The trade was a 8.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Net Lease Office Properties in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $46.00.

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.