National Bank of Canada FI Makes New $3.53 Million Investment in Net Lease Office Properties (NYSE:NLOP)

National Bank of Canada FI acquired a new position in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 113,200 shares of the company's stock, valued at approximately $3,533,000. National Bank of Canada FI owned about 0.77% of Net Lease Office Properties at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NLOP. KLP Kapitalforvaltning AS bought a new position in shares of Net Lease Office Properties during the fourth quarter valued at approximately $76,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Net Lease Office Properties during the 4th quarter valued at approximately $161,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Net Lease Office Properties by 9.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company's stock worth $166,000 after buying an additional 451 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Net Lease Office Properties in the fourth quarter worth $236,000. Finally, MetLife Investment Management LLC lifted its stake in Net Lease Office Properties by 115.6% in the third quarter. MetLife Investment Management LLC now owns 9,327 shares of the company's stock valued at $286,000 after buying an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 58.33% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, BWS Financial restated a "buy" rating and set a $46.00 price target on shares of Net Lease Office Properties in a research report on Thursday, March 6th.

Net Lease Office Properties Stock Performance

Shares of NYSE:NLOP traded down $0.18 during trading hours on Friday, hitting $26.93. The stock had a trading volume of 131,224 shares, compared to its average volume of 172,656. The stock's fifty day simple moving average is $30.86 and its 200 day simple moving average is $31.01. The firm has a market capitalization of $398.97 million, a price-to-earnings ratio of -4.35 and a beta of 0.96. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.95 and a current ratio of 1.95. Net Lease Office Properties has a 1-year low of $22.16 and a 1-year high of $34.38.

Net Lease Office Properties (NYSE:NLOP - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($2.42) earnings per share (EPS) for the quarter. The business had revenue of $27.73 million during the quarter. Net Lease Office Properties had a negative return on equity of 30.16% and a negative net margin of 122.90%. Sell-side analysts anticipate that Net Lease Office Properties will post 2.64 earnings per share for the current fiscal year.

Net Lease Office Properties 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.