Net Lease Office Properties (NYSE:NLOP) Shares Bought by Meros Investment Management LP

Meros Investment Management LP lifted its stake in shares of Net Lease Office Properties (NYSE:NLOP) by 68.5% during the second quarter, Holdings Channel.com reports. The fund owned 152,052 shares of the company’s stock after purchasing an additional 61,818 shares during the period. Net Lease Office Properties accounts for about 1.8% of Meros Investment Management LP’s holdings, making the stock its 26th biggest holding. Meros Investment Management LP’s holdings in Net Lease Office Properties were worth $3,744,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Gabelli Funds LLC acquired a new stake in shares of Net Lease Office Properties in the first quarter valued at $1,312,000. Vanguard Group Inc. raised its position in Net Lease Office Properties by 2.0% in the first quarter. Vanguard Group Inc. now owns 1,509,945 shares of the company’s stock worth $35,937,000 after acquiring an additional 30,237 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Net Lease Office Properties by 56.2% in the 1st quarter. SG Americas Securities LLC now owns 105,380 shares of the company’s stock valued at $2,508,000 after acquiring an additional 37,908 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of Net Lease Office Properties during the 4th quarter valued at about $1,531,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Net Lease Office Properties by 73.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 66,080 shares of the company’s stock worth $1,627,000 after purchasing an additional 27,969 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Net Lease Office Properties Stock Performance

Shares of NYSE:NLOP opened at $30.76 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average of $29.68 and a 200-day moving average of $25.89. Net Lease Office Properties has a one year low of $9.50 and a one year high of $50.00.

Analyst Upgrades and Downgrades

Separately, BWS Financial reissued a “buy” rating and set a $46.00 target price on shares of Net Lease Office Properties in a research note on Monday, August 12th.

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.