Net Lease Office Properties (NYSE:NLOP) Shares Acquired by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC lifted its stake in Net Lease Office Properties (NYSE:NLOP) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,569 shares of the company’s stock after buying an additional 346 shares during the quarter. Wealthcare Advisory Partners LLC owned approximately 0.09% of Net Lease Office Properties worth $392,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers increased its holdings in Net Lease Office Properties by 15.8% in the second quarter. Rhumbline Advisers now owns 22,635 shares of the company’s stock valued at $557,000 after buying an additional 3,087 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Net Lease Office Properties during the 2nd quarter valued at about $55,000. Gabelli Funds LLC increased its stake in shares of Net Lease Office Properties by 50.7% in the 2nd quarter. Gabelli Funds LLC now owns 83,055 shares of the company’s stock valued at $2,045,000 after purchasing an additional 27,927 shares in the last quarter. Marshall Wace LLP raised its holdings 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 worth $2,252,000 after purchasing an additional 73,119 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position 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. 58.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Net Lease Office Properties Stock Down 0.7 %

NYSE:NLOP opened at $31.73 on Tuesday. 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 fifty-two week low of $22.16 and a fifty-two week high of $33.06. The company has a fifty day moving average of $31.30 and a two-hundred day moving average of $30.10.

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.