DekaBank Deutsche Girozentrale Makes New Investment in Net Lease Office Properties (NYSE:NLOP)

DekaBank Deutsche Girozentrale purchased a new position in Net Lease Office Properties (NYSE:NLOP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,502 shares of the company’s stock, valued at approximately $84,000.

Several other hedge funds have also added to or reduced their stakes in NLOP. WealthPlan Investment Management LLC bought a new stake in Net Lease Office Properties in the fourth quarter worth $206,000. SG Americas Securities LLC bought a new stake in Net Lease Office Properties in the fourth quarter worth $1,247,000. State of Alaska Department of Revenue bought a new position in shares of Net Lease Office Properties during the fourth quarter valued at about $124,000. Spirit of America Management Corp NY bought a new position in shares of Net Lease Office Properties during the fourth quarter valued at about $34,000. Finally, Asset Management One Co. Ltd. bought a new position in shares of Net Lease Office Properties during the fourth quarter valued at about $408,000. 58.33% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Richard J. Pinola purchased 2,066 shares of Net Lease Office Properties stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average price of $24.21 per share, for a total transaction of $50,017.86. Following the completion of the transaction, the director now directly owns 12,028 shares of the company’s stock, valued at $291,197.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Net Lease Office Properties Stock Down 0.7 %

Shares of NYSE:NLOP opened at $22.26 on Thursday. The company’s 50-day moving average price is $24.25. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.80. Net Lease Office Properties has a 12 month low of $9.50 and a 12 month high of $50.00.

Analyst Upgrades and Downgrades

Separately, BWS Financial started coverage on shares of Net Lease Office Properties in a research note on Friday, February 9th. They set a “buy” rating and a $60.00 price objective for the company.

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.