Brown Advisory Inc. Takes Position in Net Lease Office Properties (NYSE:NLOP)

Brown Advisory Inc. acquired a new stake in Net Lease Office Properties (NYSE:NLOP) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 25,547 shares of the company’s stock, valued at approximately $472,000. Brown Advisory Inc. owned 0.17% of Net Lease Office Properties at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC bought a new stake in Net Lease Office Properties during the 4th quarter worth approximately $263,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Net Lease Office Properties during the 4th quarter worth approximately $155,000. National Pension Service bought a new stake in Net Lease Office Properties during the 4th quarter worth approximately $523,000. Pekin Hardy Strauss Inc. bought a new stake in Net Lease Office Properties during the 4th quarter worth approximately $185,000. Finally, Van ECK Associates Corp bought a new stake in Net Lease Office Properties during the 4th quarter worth approximately $92,000. 58.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Net Lease Office Properties Price Performance

NYSE NLOP opened at $23.71 on Monday. Net Lease Office Properties has a one year low of $9.50 and a one year high of $50.00. The stock’s 50 day simple moving average is $23.53 and its 200 day simple moving average is $21.97. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.68.

Insider Buying and Selling at Net Lease Office Properties

In other news, Director Richard J. Pinola acquired 2,066 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were purchased at an average cost of $24.21 per share, for a total transaction of $50,017.86. Following the transaction, the director now owns 12,028 shares of the company’s stock, valued at $291,197.88. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Net Lease Office Properties 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.