BWS Financial Reaffirms “Buy” Rating for Net Lease Office Properties (NYSE:NLOP)

BWS Financial reaffirmed their buy rating on shares of Net Lease Office Properties (NYSE:NLOP) in a research report released on Monday, Benzinga reports. BWS Financial currently has a $46.00 price target on the stock.

Net Lease Office Properties Stock Up 2.1 %

Shares of NLOP stock opened at $30.07 on Monday. Net Lease Office Properties has a 12-month low of $9.50 and a 12-month high of $50.00. The firm has a 50-day moving average price of $26.35 and a 200 day moving average price of $24.82. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.68 and a quick ratio of 1.68.

Hedge Funds Weigh In On Net Lease Office Properties

A number of institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Net Lease Office Properties by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,680 shares of the company’s stock worth $493,000 after acquiring an additional 854 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Net Lease Office Properties during the 1st quarter worth approximately $28,000. Lazard Asset Management LLC grew its position in shares of Net Lease Office Properties by 185.5% during the 1st quarter. Lazard Asset Management LLC now owns 2,167 shares of the company’s stock worth $51,000 after buying an additional 1,408 shares during the period. PNC Financial Services Group Inc. acquired a new stake in shares of Net Lease Office Properties during the 4th quarter worth approximately $27,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Net Lease Office Properties during the 4th quarter worth approximately $29,000. 58.33% of the stock is owned by institutional investors.

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.