Raymond James Financial Inc. acquired a new position in shares of Orion Office REIT Inc. (NYSE:ONL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 298,939 shares of the company's stock, valued at approximately $1,109,000. Raymond James Financial Inc. owned about 0.53% of Orion Office REIT at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC grew its position in shares of Orion Office REIT by 18.5% in the 4th quarter. SG Americas Securities LLC now owns 24,052 shares of the company's stock valued at $89,000 after acquiring an additional 3,752 shares during the period. Rhumbline Advisers increased its position 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. Martingale Asset Management L P lifted its position in shares of Orion Office REIT by 3.0% in the fourth quarter. Martingale Asset Management L P now owns 229,839 shares of the company's stock valued at $853,000 after buying an additional 6,616 shares during the last quarter. Allworth Financial LP raised its stake in Orion Office REIT by 1,215.5% in the 4th quarter. Allworth Financial LP now owns 7,564 shares of the company's stock valued at $30,000 after acquiring an additional 6,989 shares during the period. Finally, Proficio Capital Partners LLC increased its holdings in shares of Orion Office REIT by 42.1% in the fourth quarter. Proficio Capital Partners LLC now owns 27,608 shares of the company's stock valued at $102,000 after purchasing an additional 8,176 shares during the last quarter. Institutional investors and hedge funds own 79.95% of the company's stock.
Orion Office REIT Stock Performance
ONL traded up $0.07 on Friday, reaching $2.01. The company had a trading volume of 410,152 shares, compared to its average volume of 421,941. The stock has a market cap of $112.67 million, a P/E ratio of -1.30 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 fifty-two week low of $1.46 and a fifty-two week high of $4.39. The company's fifty day moving average is $2.02 and its 200 day moving average is $3.29.
Orion Office REIT (NYSE:ONL - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.19 EPS for the quarter. The company had revenue of $38.00 million 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.02 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.99%. Orion Office REIT's payout ratio is presently -5.19%.
Insider Activity at Orion Office REIT
In related news, Director Reginald Harold Gilyard purchased 40,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $2.35 per share, for a total transaction of $94,000.00. Following the completion of the transaction, the director now owns 109,647 shares of the company's stock, valued at approximately $257,670.45. This trade represents a 57.43 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul H. Mcdowell bought 12,000 shares of the firm'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 acquisition, the insider now owns 293,895 shares in the company, valued at approximately $728,859.60. This trade represents a 4.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 61,446 shares of company stock worth $147,092. Corporate insiders own 0.16% of the company's stock.
About Orion Office REIT
(
Free Report)
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.
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