Insider Buying: Orion Office REIT Inc. (NYSE:ONL) Director Buys $94,000.00 in Stock

Orion Office REIT Inc. (NYSE:ONL - Get Free Report) Director Reginald Harold Gilyard purchased 40,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $2.35 per share, with a total value of $94,000.00. Following the purchase, the director now owns 109,647 shares in the company, valued at $257,670.45. This represents a 57.43 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Orion Office REIT Price Performance

Shares of NYSE:ONL traded down $0.05 during midday trading on Friday, reaching $2.31. 1,013,217 shares of the company's stock traded hands, compared to its average volume of 399,290. The company has a market cap of $129.33 million, a P/E ratio of -1.50 and a beta of 1.07. The company has a fifty day simple moving average of $3.66 and a two-hundred day simple moving average of $3.86. 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 $2.20 and a 1 year high of $4.39.

Orion Office REIT (NYSE:ONL - Get Free Report) last announced its earnings results on Wednesday, March 5th. 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 $38.36 million for the quarter.

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Orion Office REIT Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of Orion Office REIT by 69.4% in the third quarter. JPMorgan Chase & Co. now owns 259,754 shares of the company's stock valued at $1,039,000 after buying an additional 106,383 shares during the last quarter. Stifel Financial Corp raised its holdings in Orion Office REIT by 36.2% in 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 during the last quarter. Barclays PLC lifted its stake in Orion Office REIT by 252.1% in the 3rd quarter. Barclays PLC now owns 73,730 shares of the company's stock worth $295,000 after purchasing an additional 52,788 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Orion Office REIT by 23.9% during the 3rd quarter. Jane Street Group LLC now owns 117,934 shares of the company's stock worth $472,000 after purchasing an additional 22,759 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Orion Office REIT by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,512,143 shares of the company's stock valued at $6,050,000 after purchasing an additional 7,733 shares in the last quarter. Hedge funds and other institutional investors own 79.95% of the company's stock.

Orion Office REIT Company Profile

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.