21,154 Shares in Net Lease Office Properties (NYSE:NLOP) Bought by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Net Lease Office Properties (NYSE:NLOP) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 21,154 shares of the company’s stock, valued at approximately $391,000. Sumitomo Mitsui Trust Holdings Inc. owned about 0.14% of Net Lease Office Properties at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC purchased a new position in Net Lease Office Properties during the 4th quarter worth $96,000. DekaBank Deutsche Girozentrale purchased a new stake in Net Lease Office Properties during the 4th quarter valued at about $84,000. Allworth Financial LP acquired a new position in shares of Net Lease Office Properties in the fourth quarter valued at about $41,000. International Assets Investment Management LLC acquired a new position in shares of Net Lease Office Properties in the fourth quarter valued at about $131,000. Finally, Asset Management One Co. Ltd. acquired a new position in shares of Net Lease Office Properties in the fourth quarter valued at about $408,000. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Richard J. Pinola acquired 2,066 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were acquired at an average cost of $24.21 per share, with a total value of $50,017.86. Following the completion of the acquisition, the director now owns 12,028 shares of the company’s stock, valued at $291,197.88. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Net Lease Office Properties Price Performance

Shares of NLOP stock opened at $22.71 on Friday. The company has a 50-day moving average price of $24.01. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.80. Net Lease Office Properties has a fifty-two week low of $9.50 and a fifty-two week high of $50.00.

Wall Street Analysts Forecast Growth

Separately, BWS Financial began coverage on Net Lease Office Properties in a report on Friday, February 9th. They issued a “buy” rating and a $60.00 price objective on the stock.

Net Lease Office Properties 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.