Net Lease Office Properties (NYSE:NLOP) Shares Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC raised its holdings in Net Lease Office Properties (NYSE:NLOP - Free Report) by 114.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,140 shares of the company's stock after buying an additional 36,972 shares during the period. Cubist Systematic Strategies LLC owned about 0.47% of Net Lease Office Properties worth $1,702,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. purchased a new stake in shares of Net Lease Office Properties during the 4th quarter worth approximately $1,531,000. APG Asset Management US Inc. acquired a new stake in Net Lease Office Properties during the 4th quarter worth $975,000. Royal London Asset Management Ltd. purchased a new stake in Net Lease Office Properties in the fourth quarter valued at $131,000. Corsair Capital Management L.P. acquired a new position in Net Lease Office Properties in the fourth quarter valued at $272,000. Finally, PNC Financial Services Group Inc. acquired a new position in Net Lease Office Properties in the fourth quarter valued at $27,000. 58.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, BWS Financial reissued a "buy" rating and issued a $46.00 target price on shares of Net Lease Office Properties in a report on Monday, August 12th.

Net Lease Office Properties Trading Down 0.7 %

Shares of NLOP stock traded down $0.21 during trading hours on Tuesday, hitting $30.41. The stock had a trading volume of 83,093 shares, compared to its average volume of 239,205. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.98 and a quick ratio of 1.98. The stock's 50 day moving average is $29.87 and its 200 day moving average is $26.02. Net Lease Office Properties has a twelve month low of $9.50 and a twelve month high of $50.00.

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.