Net Lease Office Properties $NLOP Shares Purchased by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC raised its position in Net Lease Office Properties (NYSE:NLOP) by 86.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 524,956 shares of the company’s stock after purchasing an additional 243,575 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 3.54% of Net Lease Office Properties worth $13,539,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Net Lease Office Properties by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,604,699 shares of the company’s stock valued at $47,595,000 after purchasing an additional 12,702 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Net Lease Office Properties by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 425,130 shares of the company’s stock valued at $10,966,000 after purchasing an additional 7,623 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Net Lease Office Properties by 7.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 112,014 shares of the company’s stock valued at $3,322,000 after purchasing an additional 7,455 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Net Lease Office Properties by 2.4% in the 3rd quarter. Two Sigma Investments LP now owns 102,280 shares of the company’s stock valued at $3,034,000 after purchasing an additional 2,370 shares during the last quarter. Finally, VELA Investment Management LLC boosted its holdings in Net Lease Office Properties by 30.4% in the 4th quarter. VELA Investment Management LLC now owns 94,327 shares of the company’s stock valued at $2,433,000 after purchasing an additional 21,991 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NLOP. Wall Street Zen lowered shares of Net Lease Office Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of Net Lease Office Properties from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Net Lease Office Properties has an average rating of “Sell”.

Net Lease Office Properties Stock Performance

Shares of NLOP stock opened at $12.01 on Monday. The firm’s 50 day moving average price is $12.48 and its 200-day moving average price is $18.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 6.33 and a current ratio of 6.33. Net Lease Office Properties has a one year low of $11.23 and a one year high of $34.53. The firm has a market cap of $177.87 million, a P/E ratio of -1.48 and a beta of 0.53.

Net Lease Office Properties (NYSE:NLOP) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.69 EPS for the quarter. Net Lease Office Properties had a negative net margin of 122.31% and a negative return on equity of 34.26%. The firm had revenue of $9.03 million for the quarter.

Net Lease Office Properties Announces Dividend

The firm also recently announced a special dividend, which was paid on Tuesday, April 14th. Investors of record on Monday, March 30th were paid a dividend of $3.30 per share. The ex-dividend date of this dividend was Monday, March 30th.

About Net Lease Office Properties

Net Lease Office Properties (NYSE:NLOP) is a real estate investment trust organized to acquire and manage single-tenant office properties subject to long-term net leases. The company seeks to generate stable, contracting cash flows by entering into sale-leaseback transactions and investment-grade lease agreements with corporate tenants. NLOP’s portfolio is intended to provide investors with exposure to a diversified base of office assets while retaining the structural benefits of net lease arrangements.

The REIT’s business model centers on acquiring office buildings that are leased to creditworthy tenants under triple-net leases, whereby the tenant is responsible for property taxes, insurance and maintenance.