Insider Buying: Orion Office REIT Inc. (NYSE:ONL) Insider Acquires 9,446 Shares of Stock

Orion Office REIT Inc. (NYSE:ONL - Get Free Report) insider Gary E. Landriau bought 9,446 shares of Orion Office REIT stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $2.47 per share, with a total value of $23,331.62. Following the completion of the transaction, the insider now owns 93,024 shares of the company's stock, valued at $229,769.28. This represents a 11.30 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Orion Office REIT Price Performance

Shares of NYSE ONL traded up $0.11 during midday trading on Monday, hitting $2.51. 980,393 shares of the company's stock were exchanged, compared to its average volume of 391,125. The business's fifty day moving average price is $3.78 and its two-hundred day moving average price is $3.90. The company has a market cap of $140.55 million, a price-to-earnings ratio of -1.63 and a beta of 1.07. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. Orion Office REIT Inc. has a 12-month low of $2.20 and a 12-month high of $4.39.

Orion Office REIT (NYSE:ONL - Get Free Report) last posted its quarterly earnings data 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%. The firm had revenue of $38.36 million for the quarter.

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Orion Office REIT Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.02 per share. The ex-dividend date is Monday, March 31st. This represents a $0.08 annualized dividend and a dividend yield of 3.19%. Orion Office REIT's dividend payout ratio (DPR) is presently -4.35%.

Hedge Funds Weigh In On Orion Office REIT

Large investors have recently modified their holdings of the company. GSA Capital Partners LLP grew its position in Orion Office REIT by 144.8% during the third quarter. GSA Capital Partners LLP now owns 228,839 shares of the company's stock valued at $915,000 after acquiring an additional 135,362 shares during the last quarter. Intech Investment Management LLC purchased a new position in Orion Office REIT in the 3rd quarter worth $47,000. Penserra Capital Management LLC lifted its stake in Orion Office REIT by 23.0% in the third quarter. Penserra Capital Management LLC now owns 277,151 shares of the company's stock worth $1,108,000 after purchasing an additional 51,770 shares during the last quarter. FMR LLC boosted its holdings in Orion Office REIT by 23.5% during the 3rd quarter. FMR LLC now owns 24,985 shares of the company's stock valued at $100,000 after acquiring an additional 4,750 shares during the period. Finally, Martingale Asset Management L P grew its position in Orion Office REIT by 19.5% during the 3rd quarter. Martingale Asset Management L P now owns 223,223 shares of the company's stock worth $893,000 after acquiring an additional 36,397 shares during the last quarter. 79.95% of the stock is owned by hedge funds and other institutional investors.

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.