AQR Capital Management LLC Grows Position in Net Lease Office Properties (NYSE:NLOP)

AQR Capital Management LLC boosted its stake in shares of Net Lease Office Properties (NYSE:NLOP) by 240.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,768 shares of the company’s stock after purchasing an additional 25,972 shares during the period. AQR Capital Management LLC owned approximately 0.25% of Net Lease Office Properties worth $882,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Royal London Asset Management Ltd. purchased a new position in shares of Net Lease Office Properties in the 4th quarter worth $131,000. PNC Financial Services Group Inc. purchased a new position in shares of Net Lease Office Properties in the 4th quarter worth about $27,000. BNP Paribas Financial Markets acquired a new position in shares of Net Lease Office Properties in the 1st quarter valued at about $304,000. SG Americas Securities LLC grew its holdings in shares of Net Lease Office Properties by 56.2% during the 1st quarter. SG Americas Securities LLC now owns 105,380 shares of the company’s stock worth $2,508,000 after purchasing an additional 37,908 shares during the period. Finally, Vanguard Group Inc. increased its position in Net Lease Office Properties by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 1,509,945 shares of the company’s stock worth $35,937,000 after purchasing an additional 30,237 shares in the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Analyst Ratings Changes

Separately, BWS Financial reaffirmed a “buy” rating and set a $46.00 price target on shares of Net Lease Office Properties in a research report on Monday, August 12th.

Net Lease Office Properties Stock Performance

NYSE:NLOP opened at $31.02 on Friday. Net Lease Office Properties has a twelve month low of $9.50 and a twelve month high of $50.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.98 and a current ratio of 1.98. The firm’s fifty day simple moving average is $30.11 and its 200 day simple moving average is $26.44.

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.