Marnell Management LLC Acquires Shares of 68,027 Net Lease Office Properties $NLOP

Marnell Management LLC bought a new position in shares of Net Lease Office Properties (NYSE:NLOP) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 68,027 shares of the company’s stock, valued at approximately $1,754,000. Net Lease Office Properties comprises 0.9% of Marnell Management LLC’s holdings, making the stock its 28th largest holding.

Several other hedge funds also recently made changes to their positions in NLOP. Thompson Siegel & Walmsley LLC raised its position in shares of Net Lease Office Properties by 86.6% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 524,956 shares of the company’s stock valued at $13,539,000 after acquiring an additional 243,575 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Net Lease Office Properties by 498.7% in the first quarter. Jones Financial Companies Lllp now owns 1,407 shares of the company’s stock worth $44,000 after purchasing an additional 1,172 shares during the period. K2 Principal Fund L.P. increased its stake in Net Lease Office Properties by 6.7% during the fourth quarter. K2 Principal Fund L.P. now owns 154,500 shares of the company’s stock valued at $3,985,000 after purchasing an additional 9,700 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Net Lease Office Properties by 9.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 23,140 shares of the company’s stock valued at $597,000 after purchasing an additional 2,000 shares during the last quarter. Finally, VELA Investment Management LLC raised its holdings in shares of Net Lease Office Properties by 30.4% during the fourth quarter. VELA Investment Management LLC now owns 94,327 shares of the company’s stock worth $2,433,000 after purchasing an additional 21,991 shares during the period. Institutional investors and hedge funds own 58.33% of the company’s stock.

Net Lease Office Properties Stock Up 0.3%

NLOP opened at $11.80 on Monday. Net Lease Office Properties has a 12 month low of $11.23 and a 12 month high of $34.53. The company has a debt-to-equity ratio of 0.13, a current ratio of 6.33 and a quick ratio of 6.33. The stock has a market cap of $174.68 million, a P/E ratio of -1.45 and a beta of 0.53. The stock’s 50 day moving average price is $12.14 and its 200 day moving average price is $17.12.

Net Lease Office Properties (NYSE:NLOP) last posted its earnings results on Thursday, May 7th. The company reported $1.69 EPS for the quarter. Net Lease Office Properties had a negative return on equity of 34.26% and a negative net margin of 122.31%.The firm had revenue of $9.03 million for the quarter.

Net Lease Office Properties Dividend Announcement

The firm also recently announced a special dividend, which was paid on Tuesday, April 14th. Investors of record on Monday, March 30th were given a $3.30 dividend. The ex-dividend date was Monday, March 30th.

Analyst Ratings Changes

A number of research firms have recently issued reports on NLOP. Weiss Ratings upgraded shares of Net Lease Office Properties from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Wall Street Zen downgraded shares of Net Lease Office Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Net Lease Office Properties Profile

Net Lease Office Properties (NYSE:NLOP) is a real estate investment trust organized to acquire and manage single-tenant office properties subject to long-term net leases. The company seeks to generate stable, contracting cash flows by entering into sale-leaseback transactions and investment-grade lease agreements with corporate tenants. NLOP’s portfolio is intended to provide investors with exposure to a diversified base of office assets while retaining the structural benefits of net lease arrangements.

The REIT’s business model centers on acquiring office buildings that are leased to creditworthy tenants under triple-net leases, whereby the tenant is responsible for property taxes, insurance and maintenance.