BWS Financial Reaffirms “Buy” Rating for Net Lease Office Properties (NYSE:NLOP)

BWS Financial reiterated their buy rating on shares of Net Lease Office Properties (NYSE:NLOPFree Report) in a report published on Thursday, Benzinga reports. The firm currently has a $46.00 price objective on the stock.

Net Lease Office Properties Stock Up 3.5 %

NLOP opened at $24.89 on Thursday. Net Lease Office Properties has a twelve month low of $9.50 and a twelve month high of $50.00. The business’s 50-day moving average price is $23.54. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.68 and a quick ratio of 1.14.

Insider Buying and Selling at Net Lease Office Properties

In related news, Director Richard J. Pinola bought 2,066 shares of Net Lease Office Properties stock in a transaction on Friday, March 8th. The stock was acquired at an average price of $24.21 per share, with a total value of $50,017.86. Following the acquisition, the director now directly owns 12,028 shares of the company’s stock, valued at $291,197.88. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NLOP. Waterfront Capital Partners LLC bought a new stake in shares of Net Lease Office Properties during the 4th quarter worth approximately $2,671,000. Ursa Fund Management LLC acquired a new stake in Net Lease Office Properties during the first quarter worth $2,802,000. K2 Principal Fund L.P. purchased a new position in Net Lease Office Properties in the first quarter valued at $2,599,000. Franklin Resources Inc. purchased a new stake in Net Lease Office Properties during the 4th quarter worth about $1,531,000. Finally, SG Americas Securities LLC purchased a new stake in Net Lease Office Properties during the 4th quarter worth about $1,247,000. Institutional investors own 58.33% of the company’s stock.

Net Lease Office Properties Company Profile

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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.

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