Net Lease Office Properties (NYSE:NLOP) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC grew its stake in Net Lease Office Properties (NYSE:NLOP - Free Report) by 240.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,768 shares of the company's stock after buying an additional 25,972 shares during the period. AQR Capital Management LLC owned 0.25% of Net Lease Office Properties worth $882,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NLOP. Cubist Systematic Strategies LLC grew its stake in Net Lease Office Properties by 114.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 69,140 shares of the company's stock worth $1,702,000 after buying an additional 36,972 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Net Lease Office Properties by 398.5% in the second quarter. Marshall Wace LLP now owns 91,467 shares of the company's stock valued at $2,252,000 after acquiring an additional 73,119 shares during the period. Gabelli Funds LLC grew its position in shares of Net Lease Office Properties by 50.7% during the second 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. Mercer Global Advisors Inc. ADV acquired a new position in shares of Net Lease Office Properties in the 2nd quarter valued at $55,000. Finally, Rhumbline Advisers increased its holdings in shares of Net Lease Office Properties by 15.8% in the 2nd quarter. Rhumbline Advisers now owns 22,635 shares of the company's stock valued at $557,000 after acquiring an additional 3,087 shares during the period. 58.33% of the stock is owned by hedge funds and other institutional investors.

Net Lease Office Properties Stock Up 2.6 %

NLOP stock traded up $0.79 during trading on Friday, hitting $31.02. The company had a trading volume of 53,769 shares, compared to its average volume of 233,491. Net Lease Office Properties has a 1-year low of $9.50 and a 1-year high of $50.00. The firm has a 50-day moving average price of $30.11 and a 200-day moving average price of $26.46. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.98 and a current ratio of 1.98.

Analyst Ratings Changes

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 Monday, August 12th.

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.