Raymond James Financial Inc. Makes New $1.11 Million Investment in Orion Office REIT Inc. (NYSE:ONL)

Raymond James Financial Inc. bought a new position in shares of Orion Office REIT Inc. (NYSE:ONL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 298,939 shares of the company's stock, valued at approximately $1,109,000. Raymond James Financial Inc. owned approximately 0.53% of Orion Office REIT as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC boosted its position in Orion Office REIT by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,512,143 shares of the company's stock worth $6,050,000 after purchasing an additional 7,733 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Orion Office REIT by 69.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 259,754 shares of the company's stock worth $1,039,000 after purchasing an additional 106,383 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Orion Office REIT by 9.0% in the 4th quarter. Bank of New York Mellon Corp now owns 258,921 shares of the company's stock worth $961,000 after buying an additional 21,448 shares during the last quarter. Jane Street Group LLC grew its position in Orion Office REIT by 23.9% during the third quarter. Jane Street Group LLC now owns 117,934 shares of the company's stock valued at $472,000 after buying an additional 22,759 shares during the period. Finally, Rhumbline Advisers increased its holdings in Orion Office REIT by 4.7% during the fourth quarter. Rhumbline Advisers now owns 99,675 shares of the company's stock worth $370,000 after buying an additional 4,462 shares during the last quarter. Hedge funds and other institutional investors own 79.95% of the company's stock.

Insider Activity at Orion Office REIT

In other Orion Office REIT news, Director Reginald Harold Gilyard acquired 40,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $2.35 per share, with a total value of $94,000.00. Following the acquisition, the director now owns 109,647 shares in the company, valued at approximately $257,670.45. This represents a 57.43 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul H. Mcdowell bought 12,000 shares of the company's stock in a transaction on Monday, March 17th. The shares were bought at an average price of $2.48 per share, for a total transaction of $29,760.00. Following the transaction, the insider now owns 293,895 shares of the company's stock, valued at approximately $728,859.60. This represents a 4.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 61,446 shares of company stock worth $147,092. Company insiders own 0.16% of the company's stock.

Orion Office REIT Stock Performance

ONL stock traded down $0.09 during mid-day trading on Tuesday, hitting $1.62. The company had a trading volume of 667,341 shares, compared to its average volume of 419,751. Orion Office REIT Inc. has a 12 month low of $1.58 and a 12 month high of $4.39. The stock's fifty day moving average price is $3.13 and its two-hundred day moving average price is $3.65. The firm has a market cap of $90.62 million, a PE ratio of -1.05 and a beta of 1.33. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.75.

Orion Office REIT (NYSE:ONL - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.18 EPS for the quarter. Orion Office REIT had a negative net margin of 50.76% and a negative return on equity of 10.28%. The company had revenue of $38.36 million for the quarter.

Orion Office REIT Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 4.95%. The ex-dividend date is Monday, March 31st. Orion Office REIT's dividend payout ratio (DPR) is currently -4.35%.

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.