Mercer Global Advisors Inc. ADV Acquires Shares of 2,217 Net Lease Office Properties (NYSE:NLOP)

Mercer Global Advisors Inc. ADV bought a new position in Net Lease Office Properties (NYSE:NLOP) in the second quarter, HoldingsChannel.com reports. The fund bought 2,217 shares of the company’s stock, valued at approximately $55,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Net Lease Office Properties by 2.0% during the first quarter. Vanguard Group Inc. now owns 1,509,945 shares of the company’s stock worth $35,937,000 after buying an additional 30,237 shares in the last quarter. Ursa Fund Management LLC bought a new position in Net Lease Office Properties in the 1st quarter valued at $2,802,000. K2 Principal Fund L.P. acquired a new position in Net Lease Office Properties in the first quarter worth $2,599,000. SG Americas Securities LLC increased its stake in shares of Net Lease Office Properties by 3.4% in the second quarter. SG Americas Securities LLC now owns 108,955 shares of the company’s stock valued at $2,682,000 after buying an additional 3,575 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Net Lease Office Properties in the fourth quarter valued at $1,531,000. Institutional investors own 58.33% of the company’s stock.

Analysts Set New Price Targets

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

Net Lease Office Properties Stock Down 0.7 %

Shares of NLOP opened at $30.41 on Wednesday. Net Lease Office Properties has a 52 week low of $9.50 and a 52 week high of $50.00. 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 business’s fifty day moving average price is $29.93 and its two-hundred day moving average price is $26.07.

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.