Net Lease Office Properties (NYSE:NLOP) Shares Bought by State Street Corp

State Street Corp grew its holdings in shares of Net Lease Office Properties (NYSE:NLOP) by 1.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 399,647 shares of the company’s stock after purchasing an additional 6,731 shares during the period. State Street Corp owned approximately 2.70% of Net Lease Office Properties worth $12,237,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NLOP. Marshall Wace LLP grew its holdings in Net Lease Office Properties by 398.5% during the second quarter. Marshall Wace LLP now owns 91,467 shares of the company’s stock worth $2,252,000 after acquiring an additional 73,119 shares during the period. Meros Investment Management LP lifted its stake in Net Lease Office Properties by 68.5% during the second quarter. Meros Investment Management LP now owns 152,052 shares of the company’s stock valued at $3,744,000 after purchasing an additional 61,818 shares during the last quarter. Cubist Systematic Strategies LLC boosted 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 buying an additional 36,972 shares in the last quarter. DRW Securities LLC acquired a new position in Net Lease Office Properties in the third quarter worth approximately $976,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Net Lease Office Properties by 73.4% in the second 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.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a “buy” rating and issued a $46.00 target price on shares of Net Lease Office Properties in a report on Thursday, November 14th.

Net Lease Office Properties Trading Up 0.6 %

NLOP stock opened at $30.89 on Thursday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.38. Net Lease Office Properties has a 12-month low of $16.83 and a 12-month high of $33.06. The company has a 50 day moving average of $31.26 and a two-hundred day moving average of $29.31.

Net Lease Office Properties 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.