BWS Financial reiterated their buy rating on shares of Net Lease Office Properties (NYSE:NLOP – Free Report) in a research report report published on Thursday morning, Benzinga reports. BWS Financial currently has a $46.00 price target on the stock.
Net Lease Office Properties Stock Up 0.1 %
Shares of Net Lease Office Properties stock opened at $24.85 on Thursday. The business has a 50-day moving average of $23.55 and a two-hundred day moving average of $22.73. Net Lease Office Properties has a 1 year low of $9.50 and a 1 year high of $50.00. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.68.
Hedge Funds Weigh In On Net Lease Office Properties
Hedge funds and other institutional investors have recently made changes to their positions in the company. Waterfront Capital Partners LLC acquired a new stake in shares of Net Lease Office Properties in the 4th quarter valued at approximately $2,671,000. Ursa Fund Management LLC acquired a new position in Net Lease Office Properties in the 1st quarter worth about $2,802,000. K2 Principal Fund L.P. bought a new position in Net Lease Office Properties in the first quarter valued at about $2,599,000. Franklin Resources Inc. acquired a new stake in shares of Net Lease Office Properties during the fourth quarter valued at about $1,531,000. Finally, SG Americas Securities LLC bought a new stake in shares of Net Lease Office Properties during the fourth quarter worth about $1,247,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.
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.
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