Castalian Partners LLC Invests $6.36 Million in Net Lease Office Properties (NYSE:NLOP)

Castalian Partners LLC purchased a new stake in shares of Net Lease Office Properties (NYSE:NLOP) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 203,791 shares of the company’s stock, valued at approximately $6,360,000. Net Lease Office Properties comprises approximately 3.2% of Castalian Partners LLC’s portfolio, making the stock its 5th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in Net Lease Office Properties during the 4th quarter worth approximately $76,000. Tower Research Capital LLC TRC increased its stake in shares of Net Lease Office Properties by 113.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,515 shares of the company’s stock worth $78,000 after purchasing an additional 1,339 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Net Lease Office Properties in the fourth quarter valued at about $161,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Net Lease Office Properties by 9.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,339 shares of the company’s stock valued at $166,000 after buying an additional 451 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new stake in shares of Net Lease Office Properties during the 4th quarter worth $184,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a “buy” rating and set a $46.00 price target on shares of Net Lease Office Properties in a report on Thursday, March 6th.

Net Lease Office Properties Trading Down 0.5 %

NYSE:NLOP opened at $30.08 on Wednesday. The stock has a market capitalization of $445.61 million, a PE ratio of -4.86 and a beta of 0.96. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average is $30.13 and its 200 day moving average is $30.90. Net Lease Office Properties has a 12 month low of $22.36 and a 12 month high of $34.38.

Net Lease Office Properties (NYSE:NLOP) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($2.42) EPS for the quarter. Net Lease Office Properties had a negative return on equity of 30.16% and a negative net margin of 122.90%. The company had revenue of $27.73 million during the quarter. Sell-side analysts expect that Net Lease Office Properties will post 2.64 earnings per share for the current year.

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.