California Public Employees Retirement System purchased a new stake in shares of Net Lease Office Properties (NYSE:NLOP – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 25,894 shares of the company’s stock, valued at approximately $479,000. California Public Employees Retirement System owned approximately 0.18% of Net Lease Office Properties at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in NLOP. WealthPlan Investment Management LLC purchased a new stake in Net Lease Office Properties in the 4th quarter valued at about $206,000. SG Americas Securities LLC purchased a new stake in shares of Net Lease Office Properties during the fourth quarter valued at approximately $1,247,000. State of Alaska Department of Revenue bought a new stake in shares of Net Lease Office Properties during the 4th quarter worth $124,000. Spirit of America Management Corp NY bought a new stake in Net Lease Office Properties in the fourth quarter worth about $34,000. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Net Lease Office Properties in the 4th quarter worth approximately $408,000. 58.33% of the stock is owned by institutional investors.
Net Lease Office Properties Stock Performance
Shares of NLOP stock opened at $24.81 on Monday. The company’s 50 day simple moving average is $23.60. Net Lease Office Properties has a 12 month low of $9.50 and a 12 month high of $50.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.14 and a current ratio of 1.14.
Insiders Place Their Bets
Wall Street Analyst Weigh In
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 for the company.
Read Our Latest Stock Report on NLOP
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.
Recommended Stories
- Five stocks we like better than Net Lease Office Properties
- ESG Stocks, What Investors Should Know
- MarketBeat Week in Review – 4/29 – 5/3
- What to Know About Investing in Penny Stocks
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Receive News & Ratings for Net Lease Office Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Net Lease Office Properties and related companies with MarketBeat.com's FREE daily email newsletter.