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

BWS Financial reaffirmed their buy rating on shares of Net Lease Office Properties (NYSE:NLOP) in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a $46.00 price objective on the stock.

Net Lease Office Properties Trading Up 2.1 %

Shares of NLOP opened at $30.07 on Monday. The stock has a 50 day simple moving average of $26.35 and a two-hundred day simple moving average of $24.82. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.79. Net Lease Office Properties has a 1 year low of $9.50 and a 1 year high of $50.00.

Institutional Trading of Net Lease Office Properties

Several hedge funds and other institutional investors have recently bought and sold shares of NLOP. International Assets Investment Management LLC bought a new stake in Net Lease Office Properties in the fourth quarter valued at approximately $131,000. Allworth Financial LP bought a new stake in Net Lease Office Properties in the fourth quarter valued at approximately $41,000. DekaBank Deutsche Girozentrale bought a new stake in Net Lease Office Properties in the fourth quarter valued at approximately $84,000. Nisa Investment Advisors LLC bought a new stake in Net Lease Office Properties in the fourth quarter valued at approximately $96,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Net Lease Office Properties in the fourth quarter valued at approximately $391,000. 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.