BWS Financial Reaffirms Buy Rating for Net Lease Office Properties (NYSE:NLOP)

BWS Financial restated their buy rating on shares of Net Lease Office Properties (NYSE:NLOP) in a report published on Thursday,Benzinga reports. They currently have a $46.00 price objective on the stock.

Net Lease Office Properties Stock Performance

NLOP opened at $30.94 on Thursday. The company has a fifty day moving average price of $30.59 and a two-hundred day moving average price of $27.76. Net Lease Office Properties has a 52 week low of $15.21 and a 52 week high of $32.94. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.38.

Hedge Funds Weigh In On Net Lease Office Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NLOP. Vanguard Group Inc. increased its stake in Net Lease Office Properties by 2.0% in the first quarter. Vanguard Group Inc. now owns 1,509,945 shares of the company’s stock valued at $35,937,000 after purchasing an additional 30,237 shares in the last quarter. State Street Corp grew its holdings in shares of Net Lease Office Properties by 1.7% in the 3rd quarter. State Street Corp now owns 399,647 shares of the company’s stock valued at $12,237,000 after buying an additional 6,731 shares during the period. Anson Funds Management LP grew its holdings in shares of Net Lease Office Properties by 46.6% in the 3rd quarter. Anson Funds Management LP now owns 171,505 shares of the company’s stock valued at $5,251,000 after buying an additional 54,552 shares during the period. Meros Investment Management LP increased its position in shares of Net Lease Office Properties by 68.5% in the 2nd quarter. Meros Investment Management LP now owns 152,052 shares of the company’s stock valued at $3,744,000 after buying an additional 61,818 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Net Lease Office Properties by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 126,828 shares of the company’s stock worth $3,883,000 after buying an additional 2,444 shares during the period. Institutional investors own 58.33% of the company’s stock.

About Net Lease Office Properties

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.