Raymond James Financial Inc. Takes Position in Orion Office REIT Inc. (NYSE:ONL)

Raymond James Financial Inc. purchased a new stake in Orion Office REIT Inc. (NYSE:ONL - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 298,939 shares of the company's stock, valued at approximately $1,109,000. Raymond James Financial Inc. owned 0.53% of Orion Office REIT at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP lifted its holdings in shares of Orion Office REIT by 1,215.5% during the 4th quarter. Allworth Financial LP now owns 7,564 shares of the company's stock valued at $30,000 after purchasing an additional 6,989 shares in the last quarter. Abel Hall LLC bought a new position in Orion Office REIT in the fourth quarter valued at approximately $38,000. Evoke Wealth LLC acquired a new position in shares of Orion Office REIT in the fourth quarter valued at approximately $43,000. Pitcairn Co. bought a new stake in shares of Orion Office REIT during the fourth quarter worth $50,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in shares of Orion Office REIT during the fourth quarter worth $74,000. Institutional investors own 79.95% of the company's stock.

Orion Office REIT Stock Up 0.8 %

NYSE ONL traded up $0.02 on Wednesday, reaching $1.99. The company had a trading volume of 370,558 shares, compared to its average volume of 427,083. The company's fifty day moving average is $2.11 and its 200-day moving average is $3.32. The firm has a market capitalization of $111.50 million, a price-to-earnings ratio of -1.29 and a beta of 1.34. 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 Inc. has a 1-year low of $1.46 and a 1-year high of $4.39.

Orion Office REIT (NYSE:ONL - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.19 earnings per share (EPS) for the quarter. Orion Office REIT had a negative return on equity of 10.28% and a negative net margin of 50.76%.

Orion Office REIT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.08 annualized dividend and a dividend yield of 4.03%. Orion Office REIT's dividend payout ratio is presently -4.35%.

Insider Activity

In related news, insider Paul H. Mcdowell acquired 12,000 shares of the business's stock in a transaction on Monday, March 17th. The stock was purchased at an average cost of $2.48 per share, for a total transaction of $29,760.00. Following the completion of the transaction, the insider now directly owns 293,895 shares of the company's stock, valued at approximately $728,859.60. The trade was a 4.26 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Reginald Harold Gilyard bought 40,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $2.35 per share, for a total transaction of $94,000.00. Following the transaction, the director now directly owns 109,647 shares of the company's stock, valued at $257,670.45. The trade was a 57.43 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 61,446 shares of company stock valued at $147,092. 0.16% of the stock is owned by company insiders.

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.