31,873 Shares in Net Lease Office Properties (NYSE:NLOP) Purchased by DRW Securities LLC

DRW Securities LLC bought a new stake in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 31,873 shares of the company's stock, valued at approximately $976,000. DRW Securities LLC owned approximately 0.22% of Net Lease Office Properties at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Net Lease Office Properties by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 1,509,945 shares of the company's stock worth $35,937,000 after purchasing an additional 30,237 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Net Lease Office Properties by 73.4% during the second quarter. Bank of New York Mellon Corp now owns 66,080 shares of the company's stock valued at $1,627,000 after buying an additional 27,969 shares during the last quarter. Meros Investment Management LP increased its position in shares of Net Lease Office Properties by 68.5% in the 2nd quarter. Meros Investment Management LP now owns 152,052 shares of the company's stock valued at $3,744,000 after acquiring an additional 61,818 shares during the period. Gabelli Funds LLC raised its stake in Net Lease Office Properties by 50.7% in the 2nd quarter. Gabelli Funds LLC now owns 83,055 shares of the company's stock worth $2,045,000 after acquiring an additional 27,927 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in Net Lease Office Properties by 185.5% during the 1st quarter. Lazard Asset Management LLC now owns 2,167 shares of the company's stock worth $51,000 after acquiring an additional 1,408 shares during the period. Institutional investors and hedge funds own 58.33% of the company's stock.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a "buy" rating and issued a $46.00 price objective on shares of Net Lease Office Properties in a research note on Thursday, November 14th.

Net Lease Office Properties Stock Performance

Shares of NYSE:NLOP traded down $0.23 during midday trading on Tuesday, reaching $31.34. The company's stock had a trading volume of 61,923 shares, compared to its average volume of 211,641. The stock has a fifty day moving average of $30.77 and a 200 day moving average of $28.13. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.38. Net Lease Office Properties has a twelve month low of $15.35 and a twelve month high of $32.94.

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.