Man Group plc Acquires New Holdings in Net Lease Office Properties $NLOP

Man Group plc bought a new position in shares of Net Lease Office Properties (NYSE:NLOP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 103,820 shares of the company’s stock, valued at approximately $1,156,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Net Lease Office Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,839 shares of the company’s stock valued at $277,000 after acquiring an additional 390 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Net Lease Office Properties by 66.8% during the second quarter. BNP Paribas Financial Markets now owns 1,448 shares of the company’s stock worth $47,000 after purchasing an additional 580 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Net Lease Office Properties by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 194,758 shares of the company’s stock worth $5,023,000 after purchasing an additional 741 shares during the period. Deutsche Bank AG grew its stake in shares of Net Lease Office Properties by 6.7% in the fourth quarter. Deutsche Bank AG now owns 11,982 shares of the company’s stock worth $309,000 after purchasing an additional 754 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Net Lease Office Properties by 7.8% in the third quarter. Alliancebernstein L.P. now owns 13,746 shares of the company’s stock worth $408,000 after purchasing an additional 998 shares during the last quarter. 58.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Net Lease Office Properties in a research report on Friday, August 7th. Wall Street Zen lowered Net Lease Office Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Net Lease Office Properties Stock Down 0.1%

Net Lease Office Properties stock opened at $11.17 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.37 and a current ratio of 2.37. Net Lease Office Properties has a 52-week low of $10.94 and a 52-week high of $30.26. The firm has a 50 day moving average price of $11.48 and a two-hundred day moving average price of $12.40. The firm has a market cap of $165.47 million, a price-to-earnings ratio of -3.65 and a beta of 0.56.

Net Lease Office Properties Profile

Net Lease Office Properties (NYSE:NLOP) is a real estate investment trust organized to acquire and manage single-tenant office properties subject to long-term net leases. The company seeks to generate stable, contracting cash flows by entering into sale-leaseback transactions and investment-grade lease agreements with corporate tenants. NLOP’s portfolio is intended to provide investors with exposure to a diversified base of office assets while retaining the structural benefits of net lease arrangements.

The REIT’s business model centers on acquiring office buildings that are leased to creditworthy tenants under triple-net leases, whereby the tenant is responsible for property taxes, insurance and maintenance.