Corsair Capital Management L.P. Raises Position in Net Lease Office Properties (NYSE:NLOP)

Corsair Capital Management L.P. lifted its position in Net Lease Office Properties (NYSE:NLOP) by 68.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,498 shares of the company’s stock after purchasing an additional 12,000 shares during the quarter. Corsair Capital Management L.P. owned about 0.20% of Net Lease Office Properties worth $903,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new stake in Net Lease Office Properties in the third quarter valued at approximately $34,000. LRI Investments LLC purchased a new stake in shares of Net Lease Office Properties in the first quarter valued at $28,000. Lazard Asset Management LLC boosted its stake in Net Lease Office Properties by 185.5% in the 1st quarter. Lazard Asset Management LLC now owns 2,167 shares of the company’s stock worth $51,000 after buying an additional 1,408 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Net Lease Office Properties during the 2nd quarter valued at $55,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Net Lease Office Properties by 12.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,952 shares of the company’s stock worth $152,000 after purchasing an additional 556 shares during the period. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, BWS Financial reaffirmed a “buy” rating and set a $46.00 price target on shares of Net Lease Office Properties in a report on Thursday, November 14th.

Net Lease Office Properties Stock Performance

NYSE NLOP opened at $31.34 on Wednesday. The company has a 50-day moving average price of $30.77 and a two-hundred day moving average price of $28.13. Net Lease Office Properties has a 52 week low of $15.35 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.

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.