Martingale Asset Management L P Takes Position in Net Lease Office Properties (NYSE:NLOP)

Martingale Asset Management L P acquired a new position in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,029 shares of the company's stock, valued at approximately $469,000. Martingale Asset Management L P owned 0.10% of Net Lease Office Properties as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC raised its holdings in shares of Net Lease Office Properties by 77.0% in the fourth quarter. Renaissance Technologies LLC now owns 66,200 shares of the company's stock worth $2,066,000 after buying an additional 28,800 shares during the period. Wells Fargo & Company MN increased its stake in Net Lease Office Properties by 52.6% in the fourth quarter. Wells Fargo & Company MN now owns 17,678 shares of the company's stock worth $552,000 after purchasing an additional 6,094 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of Net Lease Office Properties during the fourth quarter worth $184,000. Rangeley Capital LLC purchased a new stake in shares of Net Lease Office Properties during the fourth quarter valued at $5,228,000. Finally, Geode Capital Management LLC boosted its position in Net Lease Office Properties by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 372,442 shares of the company's stock valued at $11,627,000 after buying an additional 1,109 shares during the period. Institutional investors own 58.33% of the company's stock.

Net Lease Office Properties Stock Up 0.7 %

Shares of NYSE:NLOP traded up $0.19 during trading hours on Friday, hitting $28.53. The company's stock had a trading volume of 54,948 shares, compared to its average volume of 170,303. The firm's fifty day moving average price is $30.52 and its 200 day moving average price is $30.93. Net Lease Office Properties has a 52 week low of $22.36 and a 52 week high of $34.38. The company has a market capitalization of $422.64 million, a price-to-earnings ratio of -4.61 and a beta of 0.96. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.95 and a quick ratio of 1.95.

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

Analyst Ratings Changes

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

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.