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) during the second quarter, Holdings Channel.com reports. The fund purchased 31,178 shares of the company’s stock, valued at approximately $1,015,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NLOP. Ameritas Advisory Services LLC acquired a new position in shares of Net Lease Office Properties during the second quarter worth about $26,000. Laurel Wealth Advisors LLC grew its stake in shares of Net Lease Office Properties by 3,157.7% during the second quarter. Laurel Wealth Advisors LLC now owns 847 shares of the company’s stock worth $26,000 after purchasing an additional 821 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Net Lease Office Properties by 498.7% in the first quarter. Jones Financial Companies Lllp now owns 1,407 shares of the company’s stock valued at $44,000 after buying an additional 1,172 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Net Lease Office Properties by 66.8% in the second quarter. BNP Paribas Financial Markets now owns 1,448 shares of the company’s stock valued at $47,000 after buying an additional 580 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Net Lease Office Properties by 198.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,712 shares of the company’s stock valued at $56,000 after buying an additional 1,139 shares in the last quarter. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Richard J. Pinola purchased 1,012 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The shares were purchased at an average price of $29.49 per share, for a total transaction of $29,843.88. Following the transaction, the director directly owned 13,221 shares of the company’s stock, valued at approximately $389,887.29. The trade was a 8.29% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.65% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Net Lease Office Properties in a report on Monday, December 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Net Lease Office Properties currently has a consensus rating of “Hold” and an average price target of $46.00.

Net Lease Office Properties Stock Performance

Shares of NLOP opened at $26.26 on Monday. The company’s 50 day simple moving average is $28.82 and its 200-day simple moving average is $30.57. The firm has a market cap of $388.91 million, a PE ratio of -2.15 and a beta of 0.80. Net Lease Office Properties has a 12-month low of $24.81 and a 12-month high of $34.53. 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 issued its quarterly earnings results on Friday, November 7th. The company reported ($4.33) earnings per share for the quarter. Net Lease Office Properties had a negative return on equity of 34.31% and a negative net margin of 156.16%.The business had revenue of $29.78 million for the quarter. As a group, equities analysts predict that Net Lease Office Properties will post 2.64 EPS for the current year.

Net Lease Office Properties Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 19th. Stockholders of record on Thursday, December 4th will be paid a dividend of $4.10 per share. 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.