K2 Principal Fund L.P. Makes New $2.08 Million Investment in Net Lease Office Properties $NLOP

K2 Principal Fund L.P. purchased a new stake in shares of Net Lease Office Properties (NYSE:NLOP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 186,702 shares of the company’s stock, valued at approximately $2,078,000. K2 Principal Fund L.P. owned 1.26% of Net Lease Office Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC bought a new position in Net Lease Office Properties in the 1st quarter valued at about $1,247,000. Thompson Siegel & Walmsley LLC lifted its stake in shares of Net Lease Office Properties by 86.6% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 524,956 shares of the company’s stock worth $13,539,000 after acquiring an additional 243,575 shares during the period. Marnell Management LLC bought a new position in shares of Net Lease Office Properties in the fourth quarter valued at approximately $1,754,000. Rangeley Capital LLC boosted its holdings in shares of Net Lease Office Properties by 67.7% in the first quarter. Rangeley Capital LLC now owns 114,870 shares of the company’s stock valued at $1,323,000 after acquiring an additional 46,390 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in Net Lease Office Properties by 1,870.7% during the first quarter. Parallel Advisors LLC now owns 4,848 shares of the company’s stock worth $56,000 after purchasing an additional 4,602 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors.

Net Lease Office Properties Stock Up 0.5%

NLOP stock opened at $11.47 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.37 and a quick ratio of 2.37. The firm has a market cap of $169.93 million, a PE ratio of -3.75 and a beta of 0.57. Net Lease Office Properties has a 12 month low of $10.94 and a 12 month high of $30.61. The firm has a 50 day simple moving average of $11.51 and a 200 day simple moving average of $13.02.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NLOP shares. Wall Street Zen lowered Net Lease Office Properties from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Net Lease Office Properties in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Net Lease Office Properties currently has an average rating of “Sell”.

Net Lease Office Properties 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.