Marex Group plc Takes $1.02 Million Position in Net Lease Office Properties $NLOP

Marex Group plc purchased a new position in shares of Net Lease Office Properties (NYSE:NLOP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 31,178 shares of the company’s stock, valued at approximately $1,015,000. Marex Group plc owned approximately 0.21% of Net Lease Office Properties as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in NLOP. Invesco Ltd. boosted its stake in Net Lease Office Properties by 1,223.2% during the 1st quarter. Invesco Ltd. now owns 94,529 shares of the company’s stock worth $2,966,000 after purchasing an additional 87,385 shares during the last quarter. Graham Capital Wealth Management LLC purchased a new position in shares of Net Lease Office Properties in the second quarter worth about $1,979,000. Russell Investments Group Ltd. boosted its position in Net Lease Office Properties by 98.0% during the first quarter. Russell Investments Group Ltd. now owns 118,139 shares of the company’s stock worth $3,707,000 after acquiring an additional 58,479 shares during the last quarter. Nuveen LLC acquired a new position in Net Lease Office Properties during the first quarter worth about $1,257,000. Finally, Gabelli Funds LLC grew its stake in Net Lease Office Properties by 45.9% during the 1st quarter. Gabelli Funds LLC now owns 118,989 shares of the company’s stock valued at $3,734,000 after acquiring an additional 37,422 shares in the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Net Lease Office Properties

In other Net Lease Office Properties news, Director Richard J. Pinola bought 1,012 shares of Net Lease Office Properties stock in a transaction on Wednesday, September 24th. The shares were bought at an average price of $29.49 per share, for a total transaction of $29,843.88. Following the completion of the transaction, the director directly owned 13,221 shares of the company’s stock, valued at $389,887.29. This trade represents a 8.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.65% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Net Lease Office Properties in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $46.00.

Net Lease Office Properties Trading Up 0.4%

Shares of NLOP opened at $26.26 on Monday. Net Lease Office Properties has a 12-month low of $24.81 and a 12-month high of $34.53. The firm has a market capitalization of $388.91 million, a P/E ratio of -2.15 and a beta of 0.80. The firm has a 50-day moving average price of $28.82 and a 200 day moving average price of $30.57. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11.

Net Lease Office Properties (NYSE:NLOP) last posted its earnings results on Friday, November 7th. The company reported ($4.33) earnings per share for the quarter. Net Lease Office Properties had a negative net margin of 156.16% and a negative return on equity of 34.31%. The firm had revenue of $29.78 million during the quarter. Sell-side analysts forecast that Net Lease Office Properties will post 2.64 EPS for the current year.

Net Lease Office Properties Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, December 19th. Investors of record on Thursday, December 4th will be given a $4.10 dividend. The ex-dividend date is Thursday, December 4th.

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.