Net Lease Office Properties (NYSE:NLOP) Shares Acquired by Gabelli Funds LLC

Gabelli Funds LLC grew its stake in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 12.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,567 shares of the company's stock after acquiring an additional 8,891 shares during the period. Gabelli Funds LLC owned about 0.55% of Net Lease Office Properties worth $2,546,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of NLOP. KLP Kapitalforvaltning AS bought a new stake in Net Lease Office Properties during the fourth quarter valued at $76,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Net Lease Office Properties in the 4th quarter valued at about $161,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of 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 valued at $166,000 after buying an additional 451 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in Net Lease Office Properties during the fourth quarter worth about $184,000. Finally, Raymond James Financial Inc. bought a new position in Net Lease Office Properties in the fourth quarter worth about $236,000. Institutional investors own 58.33% of the company's stock.

Net Lease Office Properties Stock Performance

NLOP stock traded up $1.06 during mid-day trading on Wednesday, reaching $29.62. The company had a trading volume of 74,492 shares, compared to its average volume of 169,005. Net Lease Office Properties has a one year low of $22.36 and a one year high of $34.38. The stock has a market capitalization of $438.79 million, a P/E ratio of -4.79 and a beta of 0.96. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.38. The stock's 50-day simple moving average is $30.39 and its two-hundred day simple moving average is $30.91.

Net Lease Office Properties (NYSE:NLOP - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported ($2.42) earnings per share (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 firm had revenue of $27.73 million for the quarter. Research analysts anticipate that Net Lease Office Properties will post 2.64 EPS for the current year.

Analysts Set New Price Targets

Separately, BWS Financial reaffirmed a "buy" rating and set a $46.00 target price 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.