Orion Office REIT Inc. (NYSE:ONL) Plans Dividend of $0.02

Orion Office REIT Inc. (NYSE:ONL - Get Free Report) declared a dividend on Saturday, June 21st, investing.com reports. Shareholders of record on Tuesday, July 1st will be given a dividend of 0.02 per share on Tuesday, July 15th. This represents a yield of 3.96%. The ex-dividend date of this dividend is Monday, June 30th.

Orion Office REIT Stock Down 7.6%

Shares of ONL stock traded down $0.19 during trading hours on Tuesday, reaching $2.25. 734,230 shares of the company's stock were exchanged, compared to its average volume of 447,444. The stock's 50 day moving average is $1.91 and its 200-day moving average is $2.85. The company has a market cap of $126.15 million, a price-to-earnings ratio of -1.46 and a beta of 1.35. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.67. Orion Office REIT has a fifty-two week low of $1.46 and a fifty-two week 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 earnings per share (EPS) for the quarter. The business had revenue of $38.00 million for the quarter. Orion Office REIT had a negative return on equity of 10.97% and a negative net margin of 55.34%.

Hedge Funds Weigh In On Orion Office REIT

A hedge fund recently raised its stake in Orion Office REIT stock. Jane Street Group LLC lifted its position in Orion Office REIT Inc. (NYSE:ONL - Free Report) by 112.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,594 shares of the company's stock after acquiring an additional 45,341 shares during the period. Jane Street Group LLC owned 0.15% of Orion Office REIT worth $183,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 79.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.