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

Net Lease Office Properties (NYSE:NLOP)‘s stock had its “buy” rating reaffirmed by analysts at BWS Financial in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $46.00 price target on the stock. BWS Financial’s target price would indicate a potential upside of 48.10% from the stock’s previous close.

Net Lease Office Properties Stock Down 1.1 %

NYSE NLOP traded down $0.36 during trading hours on Thursday, hitting $31.06. The company had a trading volume of 37,660 shares, compared to its average volume of 216,315. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.38. The firm has a 50 day simple moving average of $30.53 and a 200 day simple moving average of $27.64. Net Lease Office Properties has a 52 week low of $15.21 and a 52 week high of $32.94.

Hedge Funds Weigh In On Net Lease Office Properties

Several hedge funds have recently made changes to their positions in NLOP. LRI Investments LLC bought a new stake in Net Lease Office Properties in the first quarter worth $28,000. DekaBank Deutsche Girozentrale bought a new stake in Net Lease Office Properties in the third quarter worth $34,000. Lazard Asset Management LLC increased its position in Net Lease Office Properties by 185.5% during the first quarter. Lazard Asset Management LLC now owns 2,167 shares of the company’s stock valued at $51,000 after acquiring an additional 1,408 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Net Lease Office Properties in the second quarter worth about $55,000. Finally, Daiwa Securities Group Inc. increased its position in Net Lease Office Properties by 12.6% in the third quarter. Daiwa Securities Group Inc. now owns 4,952 shares of the company’s stock worth $152,000 after buying an additional 556 shares in the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

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.