Sumitomo Mitsui Trust Group Inc. Has $478,000 Stock Position in Net Lease Office Properties (NYSE:NLOP)

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Net Lease Office Properties (NYSE:NLOP) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,329 shares of the company’s stock after selling 1,022 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.10% of Net Lease Office Properties worth $478,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NLOP. DekaBank Deutsche Girozentrale acquired a new stake in Net Lease Office Properties in the third quarter valued at about $34,000. Daiwa Securities Group Inc. boosted its stake in Net Lease Office Properties by 12.6% in the third quarter. Daiwa Securities Group Inc. now owns 4,952 shares of the company’s stock valued at $152,000 after buying an additional 556 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Net Lease Office Properties by 9.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company’s stock valued at $166,000 after buying an additional 451 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Net Lease Office Properties in the third quarter valued at about $217,000. Finally, MetLife Investment Management LLC boosted its stake in Net Lease Office Properties by 115.6% in the third quarter. MetLife Investment Management LLC now owns 9,327 shares of the company’s stock valued at $286,000 after buying an additional 5,000 shares in the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Net Lease Office Properties Price Performance

Net Lease Office Properties stock opened at $32.10 on Friday. 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 $22.16 and a 12 month high of $33.06. The stock has a 50-day moving average price of $31.35 and a two-hundred day moving average price of $30.80.

Wall Street Analyst Weigh In

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

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.