GABELLI & Co INVESTMENT ADVISERS INC. Has $3.50 Million Stake in Net Lease Office Properties (NYSE:NLOP)

GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of Net Lease Office Properties (NYSE:NLOP - Free Report) by 13.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,203 shares of the company's stock after buying an additional 13,003 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.76% of Net Lease Office Properties worth $3,502,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealthcare Advisory Partners LLC increased its stake in Net Lease Office Properties by 2.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 12,569 shares of the company's stock valued at $392,000 after purchasing an additional 346 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised 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 period. Charles Schwab Investment Management Inc. lifted its holdings in Net Lease Office Properties by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 127,521 shares of the company's stock worth $3,980,000 after acquiring an additional 693 shares in the last quarter. Geode Capital Management LLC grew its stake in Net Lease Office Properties by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 372,442 shares of the company's stock valued at $11,627,000 after acquiring an additional 1,109 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Net Lease Office Properties by 1.5% during the fourth quarter. SG Americas Securities LLC now owns 107,626 shares of the company's stock worth $3,359,000 after purchasing an additional 1,554 shares during the period. 58.33% of the stock is owned by institutional investors.

Net Lease Office Properties Stock Up 0.7 %

NLOP stock traded up $0.19 during trading hours on Friday, reaching $28.53. 54,948 shares of the stock were exchanged, compared to its average volume of 170,303. The firm's 50-day moving average is $30.57 and its 200-day moving average is $30.94. Net Lease Office Properties has a 12 month low of $22.36 and a 12 month high of $34.38. The company has a market cap 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 released its earnings results on Thursday, February 27th. The company reported ($2.42) 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 during the quarter. On average, equities research analysts expect that Net Lease Office Properties will post 2.64 earnings per share for the current year.

Analyst Ratings Changes

Separately, BWS Financial restated 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 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.