LRI Investments LLC Purchases New Position in Net Lease Office Properties (NYSE:NLOP)

LRI Investments LLC purchased a new position in Net Lease Office Properties (NYSE:NLOP) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,165 shares of the company’s stock, valued at approximately $28,000.

A number of other hedge funds also recently bought and sold shares of the business. PNC Financial Services Group Inc. purchased a new position in Net Lease Office Properties in the 4th quarter valued at about $27,000. Russell Investments Group Ltd. purchased a new position in shares of Net Lease Office Properties in the fourth quarter valued at approximately $29,000. South Dakota Investment Council acquired a new stake in shares of Net Lease Office Properties in the fourth quarter worth approximately $30,000. Allworth Financial LP purchased a new stake in shares of Net Lease Office Properties during the fourth quarter worth approximately $41,000. Finally, PGGM Investments purchased a new stake in shares of Net Lease Office Properties during the fourth quarter worth approximately $46,000. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “buy” rating and set a $46.00 target price on shares of Net Lease Office Properties in a report on Thursday, June 13th.

Net Lease Office Properties Trading Down 2.6 %

Shares of NLOP stock opened at $28.47 on Friday. The company has a 50 day moving average price of $25.23 and a 200 day moving average price of $24.49. Net Lease Office Properties has a fifty-two week low of $9.50 and a fifty-two week high of $50.00. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.68.

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.