Marnell Management LLC Purchases Shares of 68,027 Net Lease Office Properties $NLOP

Marnell Management LLC purchased a new stake in shares of Net Lease Office Properties (NYSE:NLOP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 68,027 shares of the company’s stock, valued at approximately $1,754,000. Net Lease Office Properties accounts for 0.9% of Marnell Management LLC’s portfolio, making the stock its 28th largest holding. Marnell Management LLC owned approximately 0.46% of Net Lease Office Properties at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC grew its position in Net Lease Office Properties by 86.6% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 524,956 shares of the company’s stock valued at $13,539,000 after acquiring an additional 243,575 shares during the period. Wells Fargo & Company MN grew its position in Net Lease Office Properties by 38.6% during the fourth quarter. Wells Fargo & Company MN now owns 19,783 shares of the company’s stock valued at $510,000 after acquiring an additional 5,506 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in Net Lease Office Properties during the third quarter valued at about $411,000. Boothbay Fund Management LLC purchased a new stake in Net Lease Office Properties during the third quarter valued at about $379,000. Finally, Geneos Wealth Management Inc. grew its position in Net Lease Office Properties by 868.9% during the second quarter. Geneos Wealth Management Inc. now owns 3,459 shares of the company’s stock valued at $113,000 after acquiring an additional 3,102 shares during the period. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Net Lease Office Properties Trading Up 0.3%

NYSE:NLOP opened at $11.80 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 6.33 and a current ratio of 6.33. Net Lease Office Properties has a one year low of $11.23 and a one year high of $34.53. The business’s 50-day simple moving average is $12.14 and its 200 day simple moving average is $17.12. The stock has a market cap of $174.68 million, a price-to-earnings ratio of -1.45 and a beta of 0.53.

Net Lease Office Properties (NYSE:NLOP) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.69 EPS for the quarter. Net Lease Office Properties had a negative return on equity of 34.26% and a negative net margin of 122.31%.The business had revenue of $9.03 million for the quarter.

Net Lease Office Properties Dividend Announcement

The firm also recently declared a special dividend, which was paid on Tuesday, April 14th. Investors of record on Monday, March 30th were paid a $3.30 dividend. The ex-dividend date was Monday, March 30th.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NLOP shares. Weiss Ratings raised Net Lease Office Properties from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Wall Street Zen downgraded Net Lease Office Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Net Lease Office Properties currently has a consensus rating of “Sell”.

About Net Lease Office Properties

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.