Orion Office REIT Inc. (NYSE:ONL) Director Reginald Harold Gilyard Purchases 40,000 Shares

Orion Office REIT Inc. (NYSE:ONL) Director Reginald Harold Gilyard purchased 40,000 shares of the stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $2.35 per share, for a total transaction of $94,000.00. Following the acquisition, the director now directly owns 109,647 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website.

Orion Office REIT Stock Down 5.4 %

Shares of ONL stock opened at $2.36 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75. Orion Office REIT Inc. has a one year low of $2.20 and a one year high of $4.39. The company’s fifty day moving average price is $3.72 and its 200-day moving average price is $3.88. The company has a market capitalization of $132.14 million, a price-to-earnings ratio of -1.53 and a beta of 1.07.

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

Orion Office REIT Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.02 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.08 annualized dividend and a yield of 3.40%. Orion Office REIT’s payout ratio is -4.35%.

Institutional Investors Weigh In On Orion Office REIT

Institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP boosted its position in shares of Orion Office REIT by 144.8% during the third 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 purchased a new stake in Orion Office REIT in the 3rd quarter worth $47,000. Penserra Capital Management LLC boosted its holdings in shares of Orion Office REIT by 23.0% during the 3rd 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 during the last quarter. FMR LLC grew its position in shares of Orion Office REIT by 23.5% during the third quarter. FMR LLC now owns 24,985 shares of the company’s stock valued at $100,000 after purchasing an additional 4,750 shares in the last quarter. Finally, Martingale Asset Management L P grew its position in shares of Orion Office REIT by 19.5% during the third quarter. Martingale Asset Management L P now owns 223,223 shares of the company’s stock valued at $893,000 after purchasing an additional 36,397 shares in the last quarter. 79.95% of the stock is owned by hedge funds and other institutional investors.

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.