Net Lease Office Properties (NLOP) to Issue Special Dividend of $1.50 on December 1st

Net Lease Office Properties (NYSE:NLOP) declared a special dividend on Wednesday, November 4th. Investors of record on Monday, November 16th will be given a dividend of $1.50 per share on Tuesday, December 1st. The ex-dividend date of this dividend is Monday, November 16th.

Net Lease Office Properties Price Performance

Shares of NLOP stock opened at $9.03 on Friday. The stock’s fifty day simple moving average is $10.09 and its 200 day simple moving average is $12.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.37 and a quick ratio of 2.37. The firm has a market cap of $133.74 million, a price-to-earnings ratio of -2.95 and a beta of 0.70. Net Lease Office Properties has a one year low of $8.80 and a one year high of $30.26.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NLOP. Allworth Financial LP acquired a new position in Net Lease Office Properties in the second quarter worth $28,000. PNC Financial Services Group Inc. grew its holdings in shares of Net Lease Office Properties by 704.5% during the first quarter. PNC Financial Services Group Inc. now owns 3,202 shares of the company’s stock worth $37,000 after purchasing an additional 2,804 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Net Lease Office Properties by 1,870.7% during the first quarter. Parallel Advisors LLC now owns 4,848 shares of the company’s stock worth $56,000 after purchasing an additional 4,602 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Net Lease Office Properties during the second quarter worth $119,000. Finally, Kestra Advisory Services LLC increased its stake in shares of Net Lease Office Properties by 51.6% in the first quarter. Kestra Advisory Services LLC now owns 12,198 shares of the company’s stock valued at $141,000 after buying an additional 4,153 shares in the last quarter. Institutional investors own 58.33% of the company’s stock.

About Net Lease Office Properties

Net Lease Office Properties (NYSE: NLOP) is a real estate investment trust that owns and manages a portfolio of office properties. The company’s properties are generally leased to commercial tenants under net lease arrangements, in which tenants typically assume responsibility for many property-related expenses, including taxes, insurance and maintenance.

NLOP’s portfolio is focused primarily on office buildings in the United States and Europe. Its activities include leasing and managing properties, overseeing tenant relationships and pursuing strategies to enhance the performance of its real estate investments.