Orion Office REIT Inc. $ONL Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. reduced its stake in Orion Office REIT by 44.6%, now holding approximately 300,815 shares valued at $644,000.
• Orion Office REIT declared a quarterly dividend of $0.02, with an annualized yield of 2.8%.
• The company reported a net loss of 50.67% and a negative return on equity of 10.15% in its most recent earnings report.

Goldman Sachs Group Inc. decreased its position in shares of Orion Office REIT Inc. (NYSE:ONL - Free Report) by 44.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 300,815 shares of the company's stock after selling 241,921 shares during the period. Goldman Sachs Group Inc. owned about 0.54% of Orion Office REIT worth $644,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ONL. BNP Paribas Financial Markets acquired a new position in Orion Office REIT during the 4th quarter worth about $32,000. Bank of America Corp DE lifted its stake in Orion Office REIT by 18.3% during the 4th quarter. Bank of America Corp DE now owns 55,706 shares of the company's stock worth $207,000 after acquiring an additional 8,614 shares in the last quarter. Quantinno Capital Management LP acquired a new position in Orion Office REIT during the 4th quarter worth about $64,000. ProShare Advisors LLC increased its holdings in Orion Office REIT by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 15,813 shares of the company's stock worth $59,000 after purchasing an additional 5,204 shares during the period. Finally, State of Wyoming purchased a new stake in Orion Office REIT during the 4th quarter worth about $49,000. Institutional investors and hedge funds own 79.95% of the company's stock.

Insider Activity at Orion Office REIT

In other Orion Office REIT news, Director Reginald Harold Gilyard acquired 55,000 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were acquired at an average price of $2.91 per share, for a total transaction of $160,050.00. Following the acquisition, the director owned 227,778 shares in the company, valued at $662,833.98. The trade was a 31.83% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities restated a "market perform" rating on shares of Orion Office REIT in a report on Monday, June 23rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Orion Office REIT has a consensus rating of "Hold".

Orion Office REIT Trading Up 0.5%

ONL opened at $2.85 on Thursday. Orion Office REIT Inc. has a one year low of $1.46 and a one year high of $4.32. The company has a market cap of $160.20 million, a P/E ratio of -2.05 and a beta of 1.44. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.75 and a current ratio of 0.75. The business's 50-day simple moving average is $2.74 and its 200-day simple moving average is $2.27.

Orion Office REIT (NYSE:ONL - Get Free Report) last released its quarterly earnings data 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 for the quarter.

Orion Office REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.02 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.8%. 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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