Los Angeles Capital Management LLC Sells 62,000 Shares of Orion Office REIT Inc. (NYSE:ONL)

Los Angeles Capital Management LLC cut its holdings in Orion Office REIT Inc. (NYSE:ONL - Free Report) by 15.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 337,165 shares of the company's stock after selling 62,000 shares during the quarter. Los Angeles Capital Management LLC owned about 0.60% of Orion Office REIT worth $1,251,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ONL. Bank of New York Mellon Corp raised its stake 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 valued at $961,000 after purchasing an additional 21,448 shares during the period. Allworth Financial LP raised its stake 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 worth $30,000 after purchasing an additional 6,989 shares in the last quarter. 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. Abel Hall LLC bought a new stake in Orion Office REIT during the fourth quarter worth $38,000. Finally, SG Americas Securities LLC lifted its stake in 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 purchasing an additional 3,752 shares during the last quarter. 79.95% of the stock is owned by institutional investors.

Orion Office REIT Stock Performance

Orion Office REIT stock traded down $0.13 during mid-day trading on Wednesday, hitting $3.88. 518,000 shares of the company's stock traded hands, compared to its average volume of 350,959. Orion Office REIT Inc. has a fifty-two week low of $3.01 and a fifty-two week high of $4.39. The stock has a market cap of $216.80 million, a price-to-earnings ratio of -2.52 and a beta of 1.09. The firm has a 50 day simple moving average of $3.97 and a two-hundred day simple moving average of $3.98. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75.

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

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.