Lazard Asset Management LLC Acquires 1,408 Shares of Net Lease Office Properties (NYSE:NLOP)

Lazard Asset Management LLC lifted its holdings in shares of Net Lease Office Properties (NYSE:NLOP – Free Report) by 185.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,167 shares of the company’s stock after purchasing an additional 1,408 shares during the period. Lazard Asset Management LLC’s holdings in Net Lease Office Properties were worth $51,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new stake in Net Lease Office Properties in the 4th quarter valued at about $27,000. LRI Investments LLC bought a new stake in Net Lease Office Properties in the 1st quarter valued at about $28,000. Russell Investments Group Ltd. bought a new stake in Net Lease Office Properties in the 4th quarter valued at about $29,000. South Dakota Investment Council bought a new stake in Net Lease Office Properties in the 4th quarter valued at about $30,000. Finally, Allworth Financial LP bought a new stake in Net Lease Office Properties in the 4th quarter valued at about $41,000. 58.33% of the stock is currently owned by institutional investors.

Net Lease Office Properties Trading Down 2.6 %

NLOP stock opened at $28.47 on Monday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.79. Net Lease Office Properties has a twelve month low of $9.50 and a twelve month high of $50.00. The stock has a 50-day simple moving average of $25.23 and a two-hundred day simple moving average of $24.51.

Wall Street Analysts Forecast Growth

Separately, BWS Financial restated a “buy” rating and issued a $46.00 price objective on shares of Net Lease Office Properties in a research note on Thursday, June 13th.

Get Our Latest Stock Analysis on Net Lease Office Properties

About Net Lease Office Properties

(Free Report)

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.

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