Insider Buying: Net Lease Office Properties (NYSE:NLOP) Director Buys 1,012 Shares of Stock

Net Lease Office Properties (NYSE:NLOP) Director Richard Pinola bought 1,012 shares of Net Lease Office Properties stock in a transaction on Wednesday, September 24th. The shares were purchased at an average cost of $29.49 per share, for a total transaction of $29,843.88. Following the acquisition, the director owned 13,221 shares in the company, valued at $389,887.29. The trade was a 8.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Net Lease Office Properties Stock Down 1.3%

Shares of Net Lease Office Properties stock opened at $28.92 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.23. The business’s 50 day simple moving average is $31.05 and its 200-day simple moving average is $30.96. The stock has a market capitalization of $428.33 million, a price-to-earnings ratio of -2.72 and a beta of 0.83. Net Lease Office Properties has a twelve month low of $26.10 and a twelve month high of $34.53.

Net Lease Office Properties Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were given a dividend of $3.10 per share. The ex-dividend date was Monday, August 18th.

Institutional Trading of Net Lease Office Properties

A number of institutional investors and hedge funds have recently made changes to their positions in NLOP. 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. Allworth Financial LP increased its position in shares of Net Lease Office Properties by 20.0% during the 2nd quarter. Allworth Financial LP now owns 2,392 shares of the company’s stock valued at $78,000 after purchasing an additional 399 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Net Lease Office Properties by 14.0% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 3,404 shares of the company’s stock worth $111,000 after acquiring an additional 418 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Net Lease Office Properties by 2.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 21,356 shares of the company’s stock worth $695,000 after acquiring an additional 448 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its stake in shares of Net Lease Office Properties by 8.0% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 6,455 shares of the company’s stock worth $203,000 after acquiring an additional 478 shares in the last quarter. 58.33% of the stock is currently owned by institutional investors and hedge funds.

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.