Net Lease Office Properties (NYSE:NLOP) Holdings Trimmed by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of Net Lease Office Properties (NYSE:NLOP) by 11.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,888 shares of the company’s stock after selling 650 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Net Lease Office Properties were worth $150,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Ursa Fund Management LLC acquired a new position in shares of Net Lease Office Properties in the 1st quarter valued at $2,802,000. K2 Principal Fund L.P. acquired a new position in shares of Net Lease Office Properties in the 1st quarter valued at $2,599,000. Marshall Wace LLP boosted its position in shares of Net Lease Office Properties by 398.5% in the 2nd quarter. Marshall Wace LLP now owns 91,467 shares of the company’s stock valued at $2,252,000 after purchasing an additional 73,119 shares during the period. Meros Investment Management LP boosted its position in shares of Net Lease Office Properties by 68.5% in the 2nd quarter. Meros Investment Management LP now owns 152,052 shares of the company’s stock valued at $3,744,000 after purchasing an additional 61,818 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Net Lease Office Properties in the 1st quarter worth about $1,367,000. Institutional investors own 58.33% of the company’s stock.

Net Lease Office Properties Stock Up 1.1 %

Shares of Net Lease Office Properties stock opened at $30.46 on Tuesday. The stock has a 50-day moving average price of $30.34 and a 200 day moving average price of $27.26. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.98 and a quick ratio of 1.98. Net Lease Office Properties has a 1 year low of $11.00 and a 1 year high of $32.24.

Wall Street Analyst Weigh In

Separately, BWS Financial reissued a “buy” rating and issued a $46.00 price objective 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.