Net Lease Office Properties’ (NLOP) “Buy” Rating Reaffirmed at BWS Financial

BWS Financial reaffirmed their buy rating on shares of Net Lease Office Properties (NYSE:NLOPFree Report) in a research note released on Thursday,Benzinga reports. BWS Financial currently has a $46.00 target price on the stock.

Net Lease Office Properties Trading Down 1.3 %

Shares of NLOP stock traded down $0.41 during trading hours on Thursday, hitting $30.71. The stock had a trading volume of 33,730 shares, compared to its average volume of 215,680. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.95 and a quick ratio of 1.95. The stock’s 50 day moving average is $30.57 and its 200 day moving average is $27.67. Net Lease Office Properties has a twelve month low of $15.21 and a twelve month high of $32.94.

Hedge Funds Weigh In On Net Lease Office Properties

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LRI Investments LLC acquired a new position in shares of Net Lease Office Properties in the first quarter valued at approximately $28,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Net Lease Office Properties in the 3rd quarter worth $34,000. Lazard Asset Management LLC boosted its holdings in shares of Net Lease Office Properties by 185.5% in the first quarter. Lazard Asset Management LLC now owns 2,167 shares of the company’s stock valued at $51,000 after acquiring an additional 1,408 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Net Lease Office Properties during the second quarter worth about $55,000. Finally, Daiwa Securities Group Inc. raised its holdings in Net Lease Office Properties by 12.6% during the third quarter. Daiwa Securities Group Inc. now owns 4,952 shares of the company’s stock worth $152,000 after purchasing an additional 556 shares in the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock.

About Net Lease Office Properties

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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.

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