Russell Investments Group Ltd. Invests $29,000 in Net Lease Office Properties (NYSE:NLOP)

Russell Investments Group Ltd. bought a new position in Net Lease Office Properties (NYSE:NLOP) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 1,563 shares of the company’s stock, valued at approximately $29,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. South Dakota Investment Council bought a new stake in shares of Net Lease Office Properties during the 4th quarter worth approximately $30,000. Spirit of America Management Corp NY bought a new stake in shares of Net Lease Office Properties during the 4th quarter worth approximately $34,000. Allworth Financial LP bought a new stake in shares of Net Lease Office Properties during the 4th quarter worth approximately $41,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Net Lease Office Properties during the 4th quarter worth approximately $50,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Net Lease Office Properties during the 4th quarter worth approximately $83,000. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Analyst Ratings Changes

Separately, BWS Financial reaffirmed a “buy” rating and set a $46.00 target price on shares of Net Lease Office Properties in a research report on Thursday, May 16th.

Net Lease Office Properties Stock Up 3.8 %

Shares of NYSE NLOP opened at $23.71 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.79. The business has a fifty day simple moving average of $23.53 and a two-hundred day simple moving average of $21.97. Net Lease Office Properties has a twelve month low of $9.50 and a twelve month high of $50.00.

Insider Buying and Selling at Net Lease Office Properties

In other news, Director Richard J. Pinola bought 2,066 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was acquired at an average cost of $24.21 per share, with a total value of $50,017.86. Following the transaction, the director now directly owns 12,028 shares in the company, valued at approximately $291,197.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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.