Gary E. Landriau Purchases 9,446 Shares of Orion Office REIT Inc. (NYSE:ONL) Stock

Orion Office REIT Inc. (NYSE:ONL) insider Gary E. Landriau purchased 9,446 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $2.47 per share, for a total transaction of $23,331.62. Following the acquisition, the insider now directly owns 93,024 shares of the company’s stock, valued at $229,769.28. This trade represents a 11.30 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Orion Office REIT Price Performance

ONL opened at $2.41 on Friday. The company has a 50 day moving average of $3.81 and a two-hundred day moving average of $3.92. Orion Office REIT Inc. has a 52-week low of $2.20 and a 52-week high of $4.39. 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 company has a market cap of $134.94 million, a P/E ratio of -1.56 and a beta of 1.07.

Orion Office REIT (NYSE:ONL) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $38.36 million during 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued 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 3.33%. Orion Office REIT’s payout ratio is currently -4.35%.

Hedge Funds Weigh In On Orion Office REIT

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of Orion Office REIT during the fourth quarter valued at approximately $1,109,000. Mariner LLC grew its holdings in Orion Office REIT by 127.3% during the 4th quarter. Mariner LLC now owns 264,614 shares of the company’s stock valued at $982,000 after purchasing an additional 148,223 shares in the last quarter. GSA Capital Partners LLP increased its stake in Orion Office REIT by 144.8% during the 3rd quarter. GSA Capital Partners LLP now owns 228,839 shares of the company’s stock worth $915,000 after buying an additional 135,362 shares during the period. JPMorgan Chase & Co. lifted its holdings in Orion Office REIT by 44.0% in the 4th quarter. JPMorgan Chase & Co. now owns 373,925 shares of the company’s stock worth $1,387,000 after buying an additional 114,171 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position 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 valued at $583,000 after buying an additional 86,979 shares during the last quarter. 79.95% of the stock is owned by institutional investors and hedge funds.

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.