State Street Corp Has $12.24 Million Stake in Net Lease Office Properties (NYSE:NLOP)

State Street Corp raised its position in shares of Net Lease Office Properties (NYSE:NLOP) by 1.7% in the third quarter, Holdings Channel reports. The fund owned 399,647 shares of the company’s stock after buying an additional 6,731 shares during the quarter. State Street Corp’s holdings in Net Lease Office Properties were worth $12,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. DekaBank Deutsche Girozentrale acquired a new stake in Net Lease Office Properties in the 3rd quarter valued at approximately $34,000. Mercer Global Advisors Inc. ADV acquired a new stake in Net Lease Office Properties during the second quarter worth about $55,000. Daiwa Securities Group Inc. increased its stake in Net Lease Office Properties by 12.6% during the third quarter. Daiwa Securities Group Inc. now owns 4,952 shares of the company’s stock valued at $152,000 after acquiring an additional 556 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Net Lease Office Properties in the 3rd quarter valued at approximately $217,000. Finally, Dupree Financial Group LLC lifted its position in shares of Net Lease Office Properties by 10.1% in the 3rd quarter. Dupree Financial Group LLC now owns 9,338 shares of the company’s stock worth $286,000 after acquiring an additional 855 shares during the period. 58.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a “buy” rating and issued a $46.00 target price on shares of Net Lease Office Properties in a research note on Thursday, November 14th.

Net Lease Office Properties Trading Up 0.6 %

NYSE NLOP opened at $30.89 on Thursday. Net Lease Office Properties has a twelve month low of $16.83 and a twelve month high of $33.06. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.95 and a quick ratio of 1.95. The company’s 50-day simple moving average is $31.26 and its 200 day simple moving average is $29.31.

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.