C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New Investment in Net Lease Office Properties (NYSE:NLOP)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Net Lease Office Properties (NYSE:NLOP) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,143 shares of the company’s stock, valued at approximately $161,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NLOP. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Net Lease Office Properties during the third quarter worth $217,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Net Lease Office Properties during the third quarter worth $34,000. Verdence Capital Advisors LLC bought a new stake in shares of Net Lease Office Properties during the third quarter worth $389,000. GSA Capital Partners LLP bought a new stake in shares of Net Lease Office Properties in the third quarter worth $376,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Net Lease Office Properties by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 126,828 shares of the company’s stock worth $3,883,000 after purchasing an additional 2,444 shares during the last quarter. Institutional investors own 58.33% of the company’s stock.

Net Lease Office Properties Stock Performance

Shares of Net Lease Office Properties stock opened at $32.64 on Friday. 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 has a twelve month low of $22.16 and a twelve month high of $34.38. The company’s fifty day moving average is $31.39 and its 200 day moving average is $30.88.

Analyst Upgrades and Downgrades

Separately, BWS Financial reissued a “buy” rating and issued a $46.00 price objective on shares of Net Lease Office Properties in a research note on Thursday, November 14th.

About Net Lease Office Properties

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.