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This Hedge Fund Stock in a Hated Sector More than Doubled Since Its November 2023 Spinoff

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Michelle deBoer-Jones
Published on
Net Lease Office Properties NLOP
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If there was one sector that was widely hated after the COVID-19 pandemic, it was the office space. No one wanted to be in that business, as many office buildings in major cities lay dormant due to the work-from-home trend.

However, a growing number of employers are requiring workers to be in the office at least part of the week, which suggests the office space could bounce back.

On the other hand, if one were to ignore the complaints about the office-space sector entirely, there is one stock that still could look attractive. In fact, it’s more than doubled over the past year, and it still hasn’t hit at least one fund’s target price.

Background on Net Lease Office Properties

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.