Vanguard Group Inc. Lowers Stock Position in Orion Office REIT Inc. (NYSE:ONL)

Vanguard Group Inc. trimmed its holdings in shares of Orion Office REIT Inc. (NYSE:ONL - Free Report) by 10.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,708,042 shares of the company's stock after selling 685,365 shares during the quarter. Vanguard Group Inc. owned 10.23% of Orion Office REIT worth $29,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State of Wyoming acquired a new stake in Orion Office REIT during the 2nd quarter worth about $30,000. Covestor Ltd lifted its position in Orion Office REIT by 2,607.3% during the 1st quarter. Covestor Ltd now owns 2,599 shares of the company's stock worth $36,000 after acquiring an additional 2,503 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in Orion Office REIT during the 3rd quarter worth about $53,000. Quantbot Technologies LP acquired a new stake in Orion Office REIT during the 3rd quarter worth about $54,000. Finally, Spire Wealth Management lifted its position in Orion Office REIT by 82.5% during the 3rd quarter. Spire Wealth Management now owns 10,295 shares of the company's stock worth $54,000 after acquiring an additional 4,655 shares during the period. 79.95% of the stock is currently owned by hedge funds and other institutional investors.

Orion Office REIT Stock Performance

Shares of ONL stock traded down $0.07 on Friday, hitting $3.16. The company had a trading volume of 404,463 shares, compared to its average volume of 448,358. The firm has a market cap of $176.45 million, a P/E ratio of -3.10 and a beta of 0.86. The company has a 50-day moving average price of $3.85 and a 200-day moving average price of $4.77. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.53. Orion Office REIT Inc. has a twelve month low of $3.12 and a twelve month high of $7.07.

Orion Office REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.40 annualized dividend and a dividend yield of 12.66%. Orion Office REIT's dividend payout ratio (DPR) is presently -39.22%.

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.