609,478 Shares in Orion Office REIT Inc. (NYSE:ONL) Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new position in shares of Orion Office REIT Inc. (NYSE:ONL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 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.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE increased its position in Orion Office REIT by 18.3% in the 4th quarter. Bank of America Corp DE now owns 55,706 shares of the company's stock valued at $207,000 after acquiring an additional 8,614 shares during the period. Raymond James Financial Inc. bought a new position in shares of Orion Office REIT in the 4th quarter worth $1,109,000. ProShare Advisors LLC grew its holdings in shares of Orion Office REIT by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 15,813 shares of the company's stock valued at $59,000 after purchasing an additional 5,204 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Orion Office REIT by 9.0% during the 4th quarter. Bank of New York Mellon Corp now owns 258,921 shares of the company's stock valued at $961,000 after acquiring an additional 21,448 shares during the period. Finally, Mariner LLC raised its holdings in Orion Office REIT by 127.3% in the fourth quarter. Mariner LLC now owns 264,614 shares of the company's stock worth $982,000 after buying an additional 148,223 shares during the last quarter. Institutional investors own 79.95% of the company's stock.

Orion Office REIT Stock Performance

ONL traded up $0.07 during trading on Wednesday, hitting $2.69. The stock had a trading volume of 463,129 shares, compared to its average volume of 488,794. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $150.87 million, a P/E ratio of -1.74 and a beta of 1.39. The company's 50-day moving average price is $2.14 and its 200 day moving average price is $2.64. Orion Office REIT Inc. has a twelve month low of $1.46 and a twelve month high of $4.39.

Orion Office REIT (NYSE:ONL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.19 EPS for the quarter. The firm 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 announced a dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were issued a dividend of $0.02 per share. This represents a dividend yield of 3.96%. The ex-dividend date of this dividend was Monday, June 30th. Orion Office REIT's payout ratio is presently -5.19%.

Wall Street Analyst Weigh In

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

Orion Office REIT Company 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.