Net Lease Office Properties (NYSE:NLOP) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its position in Net Lease Office Properties (NYSE:NLOP - Free Report) by 43.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,078 shares of the company's stock after acquiring an additional 34,985 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.78% of Net Lease Office Properties worth $3,592,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC purchased a new stake in Net Lease Office Properties during the 4th quarter worth $812,000. JPMorgan Chase & Co. grew its stake in shares of Net Lease Office Properties by 56.7% in the fourth quarter. JPMorgan Chase & Co. now owns 62,041 shares of the company's stock valued at $1,936,000 after buying an additional 22,454 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Net Lease Office Properties in the 4th quarter worth approximately $498,000. Proficio Capital Partners LLC acquired a new stake in Net Lease Office Properties in the fourth quarter valued at approximately $401,000. Finally, Versor Investments LP purchased a new stake in shares of Net Lease Office Properties during the fourth quarter valued at approximately $384,000. Hedge funds and other institutional investors own 58.33% of the company's stock.

Analyst Upgrades and Downgrades

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

Net Lease Office Properties Stock Up 2.6 %

Shares of NYSE NLOP traded up $0.71 during midday trading on Monday, reaching $27.63. 1,804 shares of the company's stock were exchanged, compared to its average volume of 149,442. The stock has a market capitalization of $409.33 million, a PE ratio of -4.46 and a beta of 0.96. Net Lease Office Properties has a 52-week low of $22.16 and a 52-week high of $34.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.95 and a current ratio of 1.95. The business's fifty day moving average price is $30.86 and its two-hundred day moving average price is $31.01.

Net Lease Office Properties (NYSE:NLOP - Get Free Report) last announced its earnings results 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 net margin of 122.90% and a negative return on equity of 30.16%. Analysts forecast that Net Lease Office Properties will post 2.64 EPS for the current 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.