Nuveen LLC Invests $357,000 in Orion Office REIT Inc. $ONL

Key Points

• Nuveen LLC has invested approximately $357,000 in Orion Office REIT Inc. ($ONL), acquiring 167,051 shares and holding about 0.30% of the company's stock as of the latest filing.
• Other institutional investors, including GSA Capital Partners and Private Management Group, have also significantly increased their positions in Orion Office REIT during the first quarter, indicating strong institutional support.
• The company declared a quarterly dividend of $0.02 per share, with the ex-dividend date set for September 30th, representing a 2.7% yield based on an annualized dividend payout.

Nuveen LLC acquired a new position in shares of Orion Office REIT Inc. (NYSE:ONL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 167,051 shares of the company's stock, valued at approximately $357,000. Nuveen LLC owned approximately 0.30% of Orion Office REIT as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. GSA Capital Partners LLP boosted its holdings in Orion Office REIT by 45.7% in the first quarter. GSA Capital Partners LLP now owns 288,384 shares of the company's stock valued at $617,000 after purchasing an additional 90,405 shares in the last quarter. Private Management Group Inc. boosted its holdings in Orion Office REIT by 22.0% in the first quarter. Private Management Group Inc. now owns 5,200,121 shares of the company's stock valued at $11,128,000 after purchasing an additional 939,129 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Orion Office REIT by 65.3% in the first quarter. Private Advisor Group LLC now owns 19,135 shares of the company's stock valued at $41,000 after purchasing an additional 7,557 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in Orion Office REIT in the first quarter valued at approximately $1,304,000. Finally, Alps Advisors Inc. boosted its holdings in Orion Office REIT by 44.9% in the first quarter. Alps Advisors Inc. now owns 112,115 shares of the company's stock valued at $240,000 after purchasing an additional 34,755 shares in the last quarter. 79.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JMP Securities reaffirmed a "market perform" rating on shares of Orion Office REIT in a report on Monday, June 23rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Orion Office REIT currently has a consensus rating of "Hold".

Insider Transactions at Orion Office REIT

In other Orion Office REIT news, Director Reginald Harold Gilyard acquired 55,000 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was purchased at an average price of $2.91 per share, for a total transaction of $160,050.00. Following the completion of the transaction, the director owned 227,778 shares of the company's stock, valued at $662,833.98. The trade was a 31.83% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.16% of the company's stock.

Orion Office REIT Price Performance

Shares of NYSE ONL opened at $3.01 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.66. Orion Office REIT Inc. has a twelve month low of $1.46 and a twelve month high of $4.39. The stock has a 50 day moving average of $2.61 and a two-hundred day moving average of $2.36. The stock has a market cap of $169.21 million, a P/E ratio of -2.16 and a beta of 1.44.

Orion Office REIT (NYSE:ONL - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.20 EPS for the quarter. Orion Office REIT had a negative return on equity of 10.15% and a negative net margin of 50.67%.The business had revenue of $37.31 million during the quarter.

Orion Office REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.02 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.08 annualized dividend and a yield of 2.7%. Orion Office REIT's dividend payout ratio is presently -5.76%.

Orion Office REIT Profile

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.

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