Net Lease Office Properties (NYSE:NLOP) Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC lifted its position in shares of Net Lease Office Properties (NYSE:NLOP) by 12.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,567 shares of the company’s stock after buying an additional 8,891 shares during the period. Gabelli Funds LLC owned approximately 0.55% of Net Lease Office Properties worth $2,546,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NLOP. KLP Kapitalforvaltning AS purchased a new position in shares of Net Lease Office Properties in the 4th quarter valued at $76,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Net Lease Office Properties during the fourth quarter worth about $161,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Net Lease Office Properties by 9.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company’s stock worth $166,000 after buying an additional 451 shares during the period. Resona Asset Management Co. Ltd. acquired a new stake in shares of Net Lease Office Properties in the fourth quarter valued at about $184,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Net Lease Office Properties during the 4th quarter valued at about $236,000. 58.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, BWS Financial reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Net Lease Office Properties in a research report on Thursday, March 6th.

Net Lease Office Properties Stock Performance

Net Lease Office Properties stock opened at $28.53 on Friday. Net Lease Office Properties has a 12-month low of $22.36 and a 12-month high of $34.38. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market capitalization of $422.64 million, a price-to-earnings ratio of -4.61 and a beta of 0.96. The firm’s fifty day moving average price is $30.52 and its 200 day moving average price is $30.93.

Net Lease Office Properties (NYSE:NLOP) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($2.42) EPS for the quarter. Net Lease Office Properties had a negative net margin of 122.90% and a negative return on equity of 30.16%. The business had revenue of $27.73 million during the quarter. On average, research analysts forecast that Net Lease Office Properties will post 2.64 EPS for the current fiscal year.

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.