Thompson Siegel & Walmsley LLC Increases Position in Net Lease Office Properties $NLOP

Thompson Siegel & Walmsley LLC raised its position in Net Lease Office Properties (NYSE:NLOP) by 86.6% during the fourth quarter, HoldingsChannel reports. The firm owned 524,956 shares of the company’s stock after buying an additional 243,575 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Net Lease Office Properties were worth $13,539,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NLOP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Net Lease Office Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,839 shares of the company’s stock valued at $277,000 after purchasing an additional 390 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Net Lease Office Properties by 498.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,407 shares of the company’s stock valued at $44,000 after purchasing an additional 1,172 shares during the last quarter. Strs Ohio purchased a new stake in shares of Net Lease Office Properties in the 1st quarter valued at approximately $88,000. Rhumbline Advisers increased its position in shares of Net Lease Office Properties by 19.1% in the 2nd quarter. Rhumbline Advisers now owns 26,029 shares of the company’s stock valued at $847,000 after purchasing an additional 4,183 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Net Lease Office Properties by 2.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 104,559 shares of the company’s stock valued at $3,403,000 after purchasing an additional 2,626 shares during the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.

Net Lease Office Properties Stock Performance

Shares of Net Lease Office Properties stock opened at $12.01 on Monday. The company has a fifty day simple moving average of $12.48 and a 200-day simple moving average of $18.35. Net Lease Office Properties has a 12-month low of $11.23 and a 12-month high of $34.53. The company has a current ratio of 6.33, a quick ratio of 6.33 and a debt-to-equity ratio of 0.13. The stock has a market cap of $177.87 million, a price-to-earnings ratio of -1.48 and a beta of 0.53.

Net Lease Office Properties (NYSE:NLOP) last issued its earnings results on Thursday, May 7th. The company reported $1.69 earnings per share (EPS) for the quarter. Net Lease Office Properties had a negative net margin of 122.31% and a negative return on equity of 34.26%. The business had revenue of $9.03 million during the quarter.

Net Lease Office Properties Dividend Announcement

The business also recently announced a special dividend, which was paid on Tuesday, April 14th. Stockholders of record on Monday, March 30th were issued a $3.30 dividend. The ex-dividend date was Monday, March 30th.

Analyst Upgrades and Downgrades

NLOP has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Net Lease Office Properties from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Wall Street Zen downgraded shares of Net Lease Office Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Net Lease Office Properties has an average rating of “Sell”.

Net Lease Office Properties Company Profile

Net Lease Office Properties (NYSE:NLOP) is a real estate investment trust organized to acquire and manage single-tenant office properties subject to long-term net leases. The company seeks to generate stable, contracting cash flows by entering into sale-leaseback transactions and investment-grade lease agreements with corporate tenants. NLOP’s portfolio is intended to provide investors with exposure to a diversified base of office assets while retaining the structural benefits of net lease arrangements.

The REIT’s business model centers on acquiring office buildings that are leased to creditworthy tenants under triple-net leases, whereby the tenant is responsible for property taxes, insurance and maintenance.