GABELLI & Co INVESTMENT ADVISERS INC. Increases Stock Position in Net Lease Office Properties (NYSE:NLOP)

GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of Net Lease Office Properties (NYSE:NLOP) by 13.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,203 shares of the company’s stock after acquiring an additional 13,003 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Net Lease Office Properties were worth $3,502,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NLOP. Wealthcare Advisory Partners LLC raised its holdings in Net Lease Office Properties by 2.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 12,569 shares of the company’s stock worth $392,000 after purchasing an additional 346 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Net Lease Office Properties by 9.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company’s stock worth $166,000 after buying an additional 451 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Net Lease Office Properties by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 127,521 shares of the company’s stock worth $3,980,000 after buying an additional 693 shares in the last quarter. Geode Capital Management LLC increased its holdings in Net Lease Office Properties by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 372,442 shares of the company’s stock valued at $11,627,000 after acquiring an additional 1,109 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in Net Lease Office Properties by 1.5% during the fourth quarter. SG Americas Securities LLC now owns 107,626 shares of the company’s stock worth $3,359,000 after acquiring an additional 1,554 shares during the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Net Lease Office Properties Price Performance

NYSE:NLOP opened at $27.61 on Tuesday. The firm has a market cap of $409.01 million, a price-to-earnings ratio of -4.46 and a beta of 0.96. Net Lease Office Properties has a 12-month low of $22.16 and a 12-month high of $34.38. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average is $30.77 and its two-hundred day moving average is $30.99.

Net Lease Office Properties (NYSE:NLOP) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($2.42) EPS for the quarter. Net Lease Office Properties had a negative net margin of 122.90% and a negative return on equity of 30.16%. The business had revenue of $27.73 million during the quarter. Research analysts expect that Net Lease Office Properties will post 2.64 EPS for the current year.

Analyst Ratings Changes

Separately, BWS Financial reissued a “buy” rating and set a $46.00 price objective on shares of Net Lease Office Properties in a research note on Thursday, March 6th.

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.