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

BWS Financial restated their buy rating on shares of Net Lease Office Properties (NYSE:NLOP) in a report issued on Monday morning, Benzinga reports. They currently have a $46.00 price objective on the stock.

Net Lease Office Properties Stock Up 0.4 %

NYSE NLOP traded up $0.12 during trading on Monday, hitting $29.87. 9,298 shares of the stock traded hands, compared to its average volume of 252,296. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.68. Net Lease Office Properties has a 12-month low of $9.50 and a 12-month high of $50.00. The firm has a 50-day simple moving average of $25.93 and a 200-day simple moving average of $24.72.

Institutional Trading of Net Lease Office Properties

Several institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new stake in shares of Net Lease Office Properties during the 4th quarter worth $27,000. LRI Investments LLC bought a new position in shares of Net Lease Office Properties during the 1st quarter worth approximately $28,000. Russell Investments Group Ltd. purchased a new stake in Net Lease Office Properties during the fourth quarter valued at approximately $29,000. South Dakota Investment Council acquired a new stake in Net Lease Office Properties in the fourth quarter valued at approximately $30,000. Finally, Allworth Financial LP purchased a new position in Net Lease Office Properties in the fourth quarter worth $41,000. 58.33% of the stock is currently owned by institutional investors.

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.