Paul H. Mcdowell Acquires 12,000 Shares of Orion Office REIT Inc. (NYSE:ONL) Stock

Orion Office REIT Inc. (NYSE:ONL) insider Paul H. Mcdowell purchased 12,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was purchased at an average cost of $2.48 per share, with a total value of $29,760.00. Following the acquisition, the insider now directly owns 293,895 shares in the company, valued at $728,859.60. This trade represents a 4.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Orion Office REIT Price Performance

Shares of ONL stock opened at $2.36 on Wednesday. Orion Office REIT Inc. has a 12-month low of $2.20 and a 12-month high of $4.39. The firm has a market capitalization of $132.14 million, a price-to-earnings ratio of -1.53 and a beta of 1.07. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.60. The firm has a fifty day moving average of $3.72 and a 200-day moving average of $3.88.

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

Orion Office REIT Cuts Dividend

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

Hedge Funds Weigh In On Orion Office REIT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ONL. GSA Capital Partners LLP boosted its stake in Orion Office REIT by 144.8% in the 3rd quarter. GSA Capital Partners LLP now owns 228,839 shares of the company’s stock worth $915,000 after purchasing an additional 135,362 shares during the period. Intech Investment Management LLC acquired a new position in Orion Office REIT in the 3rd quarter worth $47,000. Penserra Capital Management LLC lifted its position in Orion Office REIT by 23.0% during the 3rd quarter. Penserra Capital Management LLC now owns 277,151 shares of the company’s stock worth $1,108,000 after buying an additional 51,770 shares in the last quarter. FMR LLC lifted its position in Orion Office REIT by 23.5% during the 3rd quarter. FMR LLC now owns 24,985 shares of the company’s stock worth $100,000 after buying an additional 4,750 shares in the last quarter. Finally, Martingale Asset Management L P lifted 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 buying an additional 36,397 shares in the last quarter. 79.95% of the stock is owned by institutional investors and hedge funds.

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.