Wealth Enhancement Advisory Services LLC Buys Shares of 7,090 Net Lease Office Properties (NYSE:NLOP)

Wealth Enhancement Advisory Services LLC purchased a new position in shares of Net Lease Office Properties (NYSE:NLOP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,090 shares of the company’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake 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. Meros Investment Management LP raised its holdings in shares of 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 worth $3,744,000 after acquiring an additional 61,818 shares during the period. Ursa Fund Management LLC bought a new stake in Net Lease Office Properties in the 1st quarter valued at $2,802,000. K2 Principal Fund L.P. acquired a new position in Net Lease Office Properties in the 1st quarter worth $2,599,000. Finally, SG Americas Securities LLC increased its holdings in Net Lease Office Properties by 3.4% during the 2nd quarter. SG Americas Securities LLC now owns 108,955 shares of the company’s stock worth $2,682,000 after purchasing an additional 3,575 shares in the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Net Lease Office Properties Stock Down 1.2 %

NYSE NLOP opened at $31.75 on Wednesday. The firm’s 50 day moving average is $30.47 and its 200-day moving average is $27.55. The company has a current ratio of 1.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.38. Net Lease Office Properties has a 12-month low of $15.21 and a 12-month high of $32.94.

Analyst Ratings Changes

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

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.