DRW Securities LLC Invests $976,000 in Net Lease Office Properties (NYSE:NLOP)

DRW Securities LLC purchased a new position in shares of Net Lease Office Properties (NYSE:NLOP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,873 shares of the company’s stock, valued at approximately $976,000. DRW Securities LLC owned about 0.22% of Net Lease Office Properties at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in NLOP. Marshall Wace LLP grew its holdings in shares of Net Lease Office Properties by 398.5% during the second quarter. Marshall Wace LLP now owns 91,467 shares of the company’s stock worth $2,252,000 after purchasing an additional 73,119 shares during the last quarter. Meros Investment Management LP grew its holdings in shares of Net Lease Office Properties by 68.5% during the second quarter. Meros Investment Management LP now owns 152,052 shares of the company’s stock worth $3,744,000 after purchasing an additional 61,818 shares during the last quarter. Bluefin Capital Management LLC bought a new stake in shares of Net Lease Office Properties during the first quarter worth about $891,000. Cubist Systematic Strategies LLC grew its holdings in shares of Net Lease Office Properties by 114.9% during the second quarter. Cubist Systematic Strategies LLC now owns 69,140 shares of the company’s stock worth $1,702,000 after purchasing an additional 36,972 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Net Lease Office Properties by 2.0% during the first quarter. Vanguard Group Inc. now owns 1,509,945 shares of the company’s stock worth $35,937,000 after purchasing an additional 30,237 shares during the last quarter. 58.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Net Lease Office Properties Stock Up 1.4 %

Shares of NLOP stock opened at $31.52 on Tuesday. The business’s 50 day simple moving average is $30.76 and its 200 day simple moving average is $28.08. Net Lease Office Properties has a one year low of $15.35 and a one year high of $32.94. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.38.

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.