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

Net Lease Office Properties (NYSE:NLOP)‘s stock had its “buy” rating reiterated by investment analysts at BWS Financial in a research report issued on Thursday,Benzinga reports. They currently have a $46.00 target price on the stock. BWS Financial’s price target suggests a potential upside of 48.67% from the company’s previous close.

Net Lease Office Properties Stock Down 0.6 %

NYSE:NLOP opened at $30.94 on Thursday. Net Lease Office Properties has a 52 week low of $15.21 and a 52 week high of $32.94. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.95 and a current ratio of 1.95. The stock’s 50-day moving average price is $30.57 and its 200-day moving average price is $27.67.

Institutional Investors Weigh In On Net Lease Office Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC lifted its stake in Net Lease Office Properties by 132.1% in the 3rd quarter. Barclays PLC now owns 19,927 shares of the company’s stock valued at $611,000 after buying an additional 11,341 shares in the last quarter. Anson Funds Management LP lifted its position in shares of Net Lease Office Properties by 46.6% in the third quarter. Anson Funds Management LP now owns 171,505 shares of the company’s stock valued at $5,251,000 after acquiring an additional 54,552 shares in the last quarter. State Street Corp boosted its stake in shares of Net Lease Office Properties by 1.7% in the third quarter. State Street Corp now owns 399,647 shares of the company’s stock worth $12,237,000 after acquiring an additional 6,731 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Net Lease Office Properties during the third quarter worth approximately $348,000. Finally, MetLife Investment Management LLC raised its stake in Net Lease Office Properties by 115.6% in the 3rd quarter. MetLife Investment Management LLC now owns 9,327 shares of the company’s stock valued at $286,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock.

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.