Net Lease Office Properties’ (NLOP) “Buy” Rating Reiterated at BWS Financial

Net Lease Office Properties (NYSE:NLOP)‘s stock had its “buy” rating reissued by analysts at BWS Financial in a research note issued on Thursday,Benzinga reports. They presently have a $46.00 price objective on the stock. BWS Financial’s price objective would indicate a potential upside of 48.67% from the stock’s current price.

Net Lease Office Properties Stock Down 0.6 %

Shares of NLOP stock opened at $30.94 on Thursday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.38. The firm’s 50-day moving average is $30.57 and its two-hundred day moving average is $27.67. Net Lease Office Properties has a 12 month low of $15.21 and a 12 month high of $32.94.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Ursa Fund Management LLC purchased a new stake in Net Lease Office Properties in the first quarter valued at $2,802,000. K2 Principal Fund L.P. purchased a new stake in Net Lease Office Properties in the 1st quarter valued at about $2,599,000. Marshall Wace LLP lifted its position in Net Lease Office Properties by 398.5% in the second quarter. Marshall Wace LLP now owns 91,467 shares of the company’s stock valued at $2,252,000 after buying an additional 73,119 shares during the last quarter. Meros Investment Management LP boosted its stake in 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 buying an additional 61,818 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Net Lease Office Properties during the first quarter valued at about $1,367,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

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.