Net Lease Office Properties (NYSE:NLOP – Get Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at BWS Financial in a report issued on Monday, Benzinga reports. They currently have a $46.00 target price on the stock. BWS Financial’s target price suggests a potential upside of 55.67% from the stock’s current price.
Net Lease Office Properties Stock Performance
NLOP traded down $0.71 during midday trading on Monday, hitting $29.55. 41,270 shares of the company were exchanged, compared to its average volume of 253,532. The firm’s 50 day moving average price is $25.79 and its 200-day moving average price is $24.69. Net Lease Office Properties has a 1-year low of $9.50 and a 1-year high of $50.00. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.79.
Hedge Funds Weigh In On Net Lease Office Properties
Several institutional investors have recently modified their holdings of NLOP. Waterfront Capital Partners LLC bought a new position in Net Lease Office Properties during the fourth quarter valued at about $2,671,000. Ursa Fund Management LLC bought a new position in shares of Net Lease Office Properties during the 1st quarter valued at approximately $2,802,000. K2 Principal Fund L.P. bought a new position in shares of Net Lease Office Properties during the 1st quarter valued at approximately $2,599,000. Franklin Resources Inc. purchased a new stake in shares of Net Lease Office Properties during the 4th quarter worth approximately $1,531,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Net Lease Office Properties in the 1st quarter worth approximately $1,367,000. 58.33% of the stock is owned by institutional investors.
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.
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