Barclays PLC Boosts Position in Net Lease Office Properties (NYSE:NLOP)

Barclays PLC raised its stake in Net Lease Office Properties (NYSE:NLOP) by 132.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,927 shares of the company’s stock after buying an additional 11,341 shares during the period. Barclays PLC’s holdings in Net Lease Office Properties were worth $611,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Anson Funds Management LP raised its stake in shares of Net Lease Office Properties by 46.6% during the third quarter. Anson Funds Management LP now owns 171,505 shares of the company’s stock valued at $5,251,000 after acquiring an additional 54,552 shares in the last quarter. State Street Corp increased its holdings in Net Lease Office Properties by 1.7% during the 3rd quarter. State Street Corp now owns 399,647 shares of the company’s stock worth $12,237,000 after purchasing an additional 6,731 shares during the period. Point72 Asset Management L.P. bought a new stake in Net Lease Office Properties during the 3rd quarter valued at $348,000. MetLife Investment Management LLC lifted its holdings in shares of Net Lease Office Properties by 115.6% in the 3rd quarter. MetLife Investment Management LLC now owns 9,327 shares of the company’s stock worth $286,000 after buying an additional 5,000 shares during the period. Finally, Corsair Capital Management L.P. grew its position in shares of Net Lease Office Properties by 68.6% during the 3rd quarter. Corsair Capital Management L.P. now owns 29,498 shares of the company’s stock worth $903,000 after buying an additional 12,000 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors.

Net Lease Office Properties Trading Up 0.4 %

Shares of NLOP opened at $31.21 on Thursday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average price of $31.31 and a 200-day moving average price of $29.56. Net Lease Office Properties has a fifty-two week low of $16.83 and a fifty-two week high of $33.06.

Wall Street Analyst Weigh In

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

Net Lease Office Properties Profile

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.