186,702 Shares in Net Lease Office Properties $NLOP Purchased by K2 Principal Fund L.P.

K2 Principal Fund L.P. acquired a new position in shares of Net Lease Office Properties (NYSE:NLOP) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 186,702 shares of the company’s stock, valued at approximately $2,078,000.

Other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Net Lease Office Properties by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,839 shares of the company’s stock worth $277,000 after buying an additional 390 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Net Lease Office Properties by 66.8% during the second quarter. BNP Paribas Financial Markets now owns 1,448 shares of the company’s stock valued at $47,000 after acquiring an additional 580 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Net Lease Office Properties by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 194,758 shares of the company’s stock valued at $5,023,000 after acquiring an additional 741 shares in the last quarter. Deutsche Bank AG boosted its stake in Net Lease Office Properties by 6.7% in the 4th quarter. Deutsche Bank AG now owns 11,982 shares of the company’s stock worth $309,000 after purchasing an additional 754 shares during the period. Finally, Alliancebernstein L.P. grew its position in Net Lease Office Properties by 7.8% during the 3rd quarter. Alliancebernstein L.P. now owns 13,746 shares of the company’s stock worth $408,000 after purchasing an additional 998 shares in the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NLOP. Wall Street Zen lowered Net Lease Office Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Net Lease Office Properties in a research note on Friday, August 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Net Lease Office Properties has a consensus rating of “Sell”.

Net Lease Office Properties Stock Up 0.5%

NLOP stock opened at $11.47 on Wednesday. The company has a 50 day moving average of $11.51 and a two-hundred day moving average of $13.02. The company has a market cap of $169.93 million, a price-to-earnings ratio of -3.75 and a beta of 0.57. Net Lease Office Properties has a 12-month low of $10.94 and a 12-month high of $30.61. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.13.

Net Lease Office Properties Profile

Net Lease Office Properties (NYSE:NLOP) is a real estate investment trust organized to acquire and manage single-tenant office properties subject to long-term net leases. The company seeks to generate stable, contracting cash flows by entering into sale-leaseback transactions and investment-grade lease agreements with corporate tenants. NLOP’s portfolio is intended to provide investors with exposure to a diversified base of office assets while retaining the structural benefits of net lease arrangements.

The REIT’s business model centers on acquiring office buildings that are leased to creditworthy tenants under triple-net leases, whereby the tenant is responsible for property taxes, insurance and maintenance.