Net Lease Office Properties (NYSE:NLOP) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in shares of Net Lease Office Properties (NYSE:NLOP) by 1.6% during the third quarter, Holdings Channel reports. The fund owned 371,333 shares of the company’s stock after selling 5,970 shares during the quarter. Geode Capital Management LLC’s holdings in Net Lease Office Properties were worth $11,373,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale acquired a new stake in shares of Net Lease Office Properties during the 3rd quarter worth about $34,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Net Lease Office Properties during the 2nd quarter worth $55,000. Daiwa Securities Group Inc. boosted its holdings in shares of 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 worth $152,000 after purchasing an additional 556 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Net Lease Office Properties in the 3rd quarter worth about $217,000. Finally, MetLife Investment Management LLC grew its holdings in Net Lease Office Properties by 115.6% in the third quarter. MetLife Investment Management LLC now owns 9,327 shares of the company’s stock valued at $286,000 after purchasing an additional 5,000 shares during the period. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Net Lease Office Properties Price Performance

NYSE:NLOP opened at $31.21 on Wednesday. The business’s 50-day moving average is $31.29 and its two-hundred day moving average is $29.54. Net Lease Office Properties has a 12 month low of $16.83 and a 12 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.

Analyst Ratings Changes

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

Net Lease Office Properties Company 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.