DekaBank Deutsche Girozentrale purchased a new position in Net Lease Office Properties (NYSE:NLOP – Free Report) 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 %
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.
Check Out Our Latest Research Report on NLOP
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.
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