Segall Bryant & Hamill LLC Makes New Investment in Orion Office REIT Inc. (NYSE:ONL)

Segall Bryant & Hamill LLC purchased a new stake in 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 purchased 609,478 shares of the company's stock, valued at approximately $1,304,000. Segall Bryant & Hamill LLC owned about 1.09% of Orion Office REIT at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ONL. BNP Paribas Financial Markets purchased a new stake in shares of Orion Office REIT in the fourth quarter valued at about $32,000. Lazard Asset Management LLC purchased a new stake in shares of Orion Office REIT in the fourth quarter valued at about $45,000. State of Wyoming purchased a new stake in shares of Orion Office REIT in the fourth quarter valued at about $49,000. Pitcairn Co. purchased a new position in Orion Office REIT during the fourth quarter worth about $50,000. Finally, Ethic Inc. purchased a new position in Orion Office REIT during the fourth quarter worth about $51,000. 79.95% of the stock is owned by hedge funds and other institutional investors.

Orion Office REIT Stock Performance

ONL remained flat at $2.56 on Friday. 341,160 shares of the company's stock traded hands, compared to its average volume of 487,927. The business has a fifty day moving average price of $2.10 and a two-hundred day moving average price of $2.65. The firm has a market capitalization of $143.86 million, a price-to-earnings ratio of -1.66 and a beta of 1.39. Orion Office REIT Inc. has a one year low of $1.46 and a one year high of $4.39. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.67.

Orion Office REIT (NYSE:ONL - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.19 EPS for the quarter. The business had revenue of $38.00 million for the quarter. Orion Office REIT had a negative net margin of 55.34% and a negative return on equity of 10.97%.

Orion Office REIT Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were given a $0.02 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a dividend yield of 3.96%. Orion Office REIT's dividend payout ratio is presently -5.19%.

Analysts Set New Price Targets

Separately, JMP Securities reissued a "market perform" rating on shares of Orion Office REIT in a report on Monday, June 23rd.

About Orion Office REIT

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.