Verition Fund Management LLC Reduces Holdings in Net Lease Office Properties (NYSE:NLOP)

Verition Fund Management LLC lessened its position in shares of Net Lease Office Properties (NYSE:NLOP) by 53.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,769 shares of the company’s stock after selling 8,882 shares during the quarter. Verition Fund Management LLC owned about 0.05% of Net Lease Office Properties worth $238,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Marshall Wace LLP grew its position in Net Lease Office Properties by 398.5% in the 2nd quarter. Marshall Wace LLP now owns 91,467 shares of the company’s stock valued at $2,252,000 after acquiring an additional 73,119 shares in the last quarter. Meros Investment Management LP increased its holdings in shares of Net Lease Office Properties by 68.5% in the 2nd quarter. Meros Investment Management LP now owns 152,052 shares of the company’s stock valued at $3,744,000 after acquiring an additional 61,818 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in Net Lease Office Properties by 114.9% during the second quarter. Cubist Systematic Strategies LLC now owns 69,140 shares of the company’s stock worth $1,702,000 after purchasing an additional 36,972 shares in the last quarter. DRW Securities LLC purchased a new stake in shares of Net Lease Office Properties during the 3rd quarter worth approximately $976,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Net Lease Office Properties by 73.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 66,080 shares of the company’s stock valued at $1,627,000 after buying an additional 27,969 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, BWS Financial reiterated a “buy” rating and set a $46.00 price target on shares of Net Lease Office Properties in a research note on Thursday, November 14th.

Net Lease Office Properties Trading Down 0.1 %

NYSE:NLOP opened at $32.13 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.95 and a current ratio of 1.95. Net Lease Office Properties has a 52-week low of $16.04 and a 52-week high of $33.06. The stock’s 50 day moving average price is $31.15 and its 200 day moving average price is $28.89.

Net Lease Office Properties Company Profile

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.