JMP Securities Reiterates Market Perform Rating for Orion Office REIT (NYSE:ONL)

JMP Securities reaffirmed their market perform rating on shares of Orion Office REIT (NYSE:ONL - Free Report) in a research note issued to investors on Monday morning,Benzinga reports.

Orion Office REIT Stock Performance

NYSE ONL traded down $0.01 on Monday, reaching $2.26. The stock had a trading volume of 564,661 shares, compared to its average volume of 449,286. 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 stock has a market cap of $126.71 million, a P/E ratio of -1.46 and a beta of 1.35. Orion Office REIT has a 12-month low of $1.46 and a 12-month high of $4.39. The business's 50-day moving average price is $1.94 and its 200 day moving average price is $2.83.

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

Orion Office REIT Dividend Announcement

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

Hedge Funds Weigh In On Orion Office REIT

Institutional investors and hedge funds have recently made changes to their positions in the business. Kawa Capital Management Inc acquired a new position in Orion Office REIT during the 1st quarter valued at about $5,180,000. Private Management Group Inc. grew its position in Orion Office REIT by 22.0% during the 1st quarter. Private Management Group Inc. now owns 5,200,121 shares of the company's stock worth $11,128,000 after purchasing an additional 939,129 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Orion Office REIT during the first quarter worth $1,304,000. Raymond James Financial Inc. bought a new position in shares of Orion Office REIT during the 4th quarter valued at $1,109,000. Finally, Nuveen LLC bought a new stake in shares of Orion Office REIT during the 1st quarter worth about $357,000. 79.95% of the stock is currently owned by hedge funds and other institutional investors.

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.