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

Orion Office REIT Inc. (NYSE:ONL) Director Reginald Harold Gilyard purchased 40,000 shares of Orion Office REIT stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $2.35 per share, for a total transaction of $94,000.00. Following the completion of the transaction, the director now owns 109,647 shares of the company’s stock, valued at approximately $257,670.45. This represents a 57.43 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Orion Office REIT Stock Up 4.4 %

Shares of ONL stock opened at $2.51 on Tuesday. The stock’s fifty day moving average price is $3.75 and its 200 day moving average price is $3.89. 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 1-year low of $2.20 and a 1-year high of $4.39. The company has a market cap of $140.55 million, a price-to-earnings ratio of -1.63 and a beta of 1.07.

Orion Office REIT (NYSE:ONL) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $38.36 million for 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.08 annualized dividend and a dividend yield of 3.19%. Orion Office REIT’s payout ratio is currently -4.35%.

Institutional Investors Weigh In On Orion Office REIT

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in Orion Office REIT during the 4th quarter worth about $1,109,000. Mariner LLC lifted its holdings in shares of Orion Office REIT by 127.3% during the fourth quarter. Mariner LLC now owns 264,614 shares of the company’s stock worth $982,000 after purchasing an additional 148,223 shares during the period. GSA Capital Partners LLP lifted its holdings 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 purchasing an additional 135,362 shares during the period. JPMorgan Chase & Co. boosted its position in Orion Office REIT by 44.0% in the fourth quarter. JPMorgan Chase & Co. now owns 373,925 shares of the company’s stock valued at $1,387,000 after buying an additional 114,171 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in Orion Office REIT by 123.8% in the 4th quarter. Two Sigma Investments LP now owns 157,225 shares of the company’s stock worth $583,000 after buying an additional 86,979 shares during the period. 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.