TCW Group Inc. Buys New Position in Net Lease Office Properties (NYSE:NLOP)

TCW Group Inc. purchased a new position in Net Lease Office Properties (NYSE:NLOP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 57,448 shares of the company’s stock, valued at approximately $1,062,000. TCW Group Inc. owned approximately 0.39% of Net Lease Office Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the business. Russell Investments Group Ltd. purchased a new position in shares of Net Lease Office Properties in the 4th quarter valued at approximately $29,000. South Dakota Investment Council purchased a new position in shares of Net Lease Office Properties in the fourth quarter worth $30,000. Spirit of America Management Corp NY acquired a new stake in shares of Net Lease Office Properties during the fourth quarter worth $34,000. Allworth Financial LP purchased a new stake in shares of Net Lease Office Properties during the fourth quarter valued at $41,000. Finally, PGGM Investments acquired a new position in shares of Net Lease Office Properties in the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Analysts Set New Price Targets

Separately, BWS Financial reiterated a “buy” rating and set a $46.00 price target on shares of Net Lease Office Properties in a research note on Thursday, May 16th.

Insider Activity

In other Net Lease Office Properties news, Director Richard J. Pinola bought 2,066 shares of Net Lease Office Properties stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average price of $24.21 per share, with a total value of $50,017.86. Following the completion of the acquisition, the director now directly owns 12,028 shares in the company, valued at approximately $291,197.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Net Lease Office Properties Price Performance

NYSE:NLOP traded up $0.86 during midday trading on Friday, hitting $23.71. The company’s stock had a trading volume of 121,395 shares, compared to its average volume of 235,700. Net Lease Office Properties has a fifty-two week low of $9.50 and a fifty-two week high of $50.00. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.68 and a quick ratio of 1.68. The firm’s 50 day moving average is $23.53 and its 200-day moving average is $21.97.

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.