JPMorgan Chase & Co. Has $1.04 Million Stake in Orion Office REIT Inc. (NYSE:ONL)

JPMorgan Chase & Co. lifted its holdings in shares of Orion Office REIT Inc. (NYSE:ONL - Free Report) by 69.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 259,754 shares of the company's stock after buying an additional 106,383 shares during the period. JPMorgan Chase & Co. owned about 0.46% of Orion Office REIT worth $1,039,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Stifel Financial Corp boosted its holdings in shares of Orion Office REIT by 36.2% during the 3rd quarter. Stifel Financial Corp now owns 46,416 shares of the company's stock valued at $186,000 after acquiring an additional 12,326 shares in the last quarter. Barclays PLC raised its position in Orion Office REIT by 252.1% in the third quarter. Barclays PLC now owns 73,730 shares of the company's stock valued at $295,000 after purchasing an additional 52,788 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of 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 purchasing an additional 22,759 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Orion Office REIT by 0.5% during 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. Finally, GSA Capital Partners LLP increased its stake in shares of Orion Office REIT by 144.8% in the third quarter. GSA Capital Partners LLP now owns 228,839 shares of the company's stock valued at $915,000 after buying an additional 135,362 shares during the period. 79.95% of the stock is currently owned by institutional investors.

Orion Office REIT Trading Up 1.0 %

NYSE ONL traded up $0.04 during trading hours on Friday, reaching $3.86. The company's stock had a trading volume of 268,863 shares, compared to its average volume of 325,153. Orion Office REIT Inc. has a 52 week low of $3.01 and a 52 week high of $5.48. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $215.97 million, a P/E ratio of -2.51 and a beta of 1.07. The firm has a fifty day simple moving average of $3.94 and a 200-day simple moving average of $3.95.

Orion Office REIT (NYSE:ONL - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.18) earnings per share (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 business had revenue of $39.18 million for the quarter.

Orion Office REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.10 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.36%. Orion Office REIT's dividend payout ratio (DPR) is presently -25.97%.

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.