Net Lease Office Properties (NYSE:NLOP) Shares Bought by Mariner LLC

Mariner LLC raised its stake in shares of Net Lease Office Properties (NYSE:NLOP) by 83.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,566 shares of the company’s stock after purchasing an additional 10,734 shares during the period. Mariner LLC’s holdings in Net Lease Office Properties were worth $736,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Barclays PLC raised its position in shares of Net Lease Office Properties by 132.1% during the 3rd quarter. Barclays PLC now owns 19,927 shares of the company’s stock worth $611,000 after purchasing an additional 11,341 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Net Lease Office Properties by 42.0% during the third quarter. JPMorgan Chase & Co. now owns 39,587 shares of the company’s stock valued at $1,212,000 after acquiring an additional 11,707 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in shares of Net Lease Office Properties by 2.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 12,569 shares of the company’s stock valued at $392,000 after acquiring an additional 346 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Net Lease Office Properties by 1.5% in the fourth quarter. SG Americas Securities LLC now owns 107,626 shares of the company’s stock worth $3,359,000 after acquiring an additional 1,554 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Net Lease Office Properties by 9.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company’s stock worth $166,000 after purchasing an additional 451 shares in the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Net Lease Office Properties Stock Performance

NLOP opened at $30.08 on Wednesday. The firm has a market capitalization of $445.61 million, a PE ratio of -4.86 and a beta of 0.96. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.38. Net Lease Office Properties has a twelve month low of $22.36 and a twelve month high of $34.38. The firm’s 50-day moving average price is $30.13 and its 200 day moving average price is $30.90.

Net Lease Office Properties (NYSE:NLOP) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($2.42) EPS for the quarter. Net Lease Office Properties had a negative net margin of 122.90% and a negative return on equity of 30.16%. The company had revenue of $27.73 million during the quarter. As a group, sell-side analysts expect that Net Lease Office Properties will post 2.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, BWS Financial reissued a “buy” rating and issued a $46.00 price objective on shares of Net Lease Office Properties in a research note on Thursday, March 6th.

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.