28,287 Shares in Net Lease Office Properties (NYSE:NLOP) Bought by National Pension Service

National Pension Service purchased a new stake in shares of Net Lease Office Properties (NYSE:NLOP) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 28,287 shares of the company’s stock, valued at approximately $523,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NLOP. Russell Investments Group Ltd. purchased a new stake in Net Lease Office Properties in the fourth quarter valued at approximately $29,000. South Dakota Investment Council bought a new position in shares of Net Lease Office Properties in the 4th quarter worth $30,000. Spirit of America Management Corp NY purchased a new stake in shares of Net Lease Office Properties during the 4th quarter valued at $34,000. Allworth Financial LP bought a new stake in shares of Net Lease Office Properties during the 4th quarter worth $41,000. Finally, PGGM Investments purchased a new position in Net Lease Office Properties in the fourth quarter worth $46,000. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Net Lease Office Properties Stock Performance

NYSE:NLOP traded up $0.15 during mid-day trading on Thursday, reaching $24.37. The stock had a trading volume of 50,410 shares, compared to its average volume of 243,510. The company has a 50 day moving average price of $23.52. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.14 and a quick ratio of 1.14. 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 assumed coverage on Net Lease Office Properties in a research report on Friday, February 9th. They set a “buy” rating and a $60.00 price target on the stock.

Insiders Place Their Bets

In other Net Lease Office Properties news, Director Richard J. Pinola acquired 2,066 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was bought at an average price of $24.21 per share, with a total value of $50,017.86. Following the purchase, the director now owns 12,028 shares of the company’s stock, valued at $291,197.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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.