Paul H. Mcdowell Purchases 12,000 Shares of Orion Office REIT Inc. (NYSE:ONL) Stock

Orion Office REIT Inc. (NYSE:ONL - Get Free Report) insider Paul H. Mcdowell purchased 12,000 shares of the firm's stock in a transaction on Monday, March 17th. The stock was bought at an average price 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 in the company, valued at approximately $728,859.60. The trade was a 4.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Orion Office REIT Price Performance

Shares of ONL stock traded down $0.05 during trading hours on Friday, hitting $2.31. The company had a trading volume of 520,986 shares, compared to its average volume of 397,890. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $129.33 million, a price-to-earnings ratio of -1.50 and a beta of 1.07. Orion Office REIT Inc. has a 12 month low of $2.20 and a 12 month high of $4.39. The firm's fifty day moving average is $3.66 and its 200 day moving average is $3.86.

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

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Orion Office REIT Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.02 per share. The ex-dividend date is Monday, March 31st. This represents a $0.08 dividend on an annualized basis and a yield of 3.47%. Orion Office REIT's dividend payout ratio is -4.35%.

Institutional Trading of Orion Office REIT

Several large investors have recently made changes to their positions in ONL. GSA Capital Partners LLP grew its holdings in Orion Office REIT by 144.8% during the 3rd quarter. GSA Capital Partners LLP now owns 228,839 shares of the company's stock worth $915,000 after acquiring an additional 135,362 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Orion Office REIT during the third quarter valued at approximately $47,000. Penserra Capital Management LLC increased its holdings in shares of Orion Office REIT by 23.0% in the third quarter. Penserra Capital Management LLC now owns 277,151 shares of the company's stock valued at $1,108,000 after purchasing an additional 51,770 shares in the last quarter. FMR LLC raised its position in Orion Office REIT by 23.5% in the 3rd quarter. FMR LLC now owns 24,985 shares of the company's stock worth $100,000 after purchasing an additional 4,750 shares during the last quarter. Finally, Martingale Asset Management L P raised its position in Orion Office REIT by 19.5% in the 3rd quarter. Martingale Asset Management L P now owns 223,223 shares of the company's stock worth $893,000 after purchasing an additional 36,397 shares during the last quarter. Institutional investors own 79.95% of the company's stock.

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.